Ashurst advises UK Government on closing of UK's first CCUS projects
10 December 2024
Global law firm Ashurst continues to advise the Department for Energy Security and Net Zero, as two of the UK's first carbon capture, usage and storage (CCUS) projects reach financial close.
The East Coast Cluster in Teesside – a scheme that will capture and store carbon emissions from industries in the region – is now set to start construction in mid-2025.
Ashurst has been advising the UK Government on the development and implementation of the CCUS programme since 2020.
Philip Vernon, partner at Ashurst, said: “We are very pleased to have advised DESNZ on bringing these first two East Coast Cluster projects to close - this is the culmination of years of work with DESNZ to help develop business models for private sector investment.”
The Ashurst team advising DESNZ on the different aspects of the CCUS programme are being led by partners Philip Vernon, Anthony Johnson, Harvey Weaver and Alex Biles.
