A new carbon capture initiative in the UK’s cement industry has successfully raised £59.6 million in equity funding to help decarbonise up to 40% of the sector. The Peak Cluster project, aimed at reducing carbon emissions from manufacturing sites in Derbyshire and Staffordshire, will utilise this funding to develop a new carbon dioxide transport pipeline.
The initiative is backed by key industry players, including Breedon, Tarmac, Holcim, and SigmaRoc, alongside decarbonisation specialists Progressive Energy and Summit Energy Evolution. The project’s mission is to capture, transport, and store CO₂ emissions from cement and lime production, contributing to the sector’s shift towards a low-carbon future.
A £28.6 million investment has been secured from the National Wealth Fund to help fund the pipeline infrastructure. The project is set to play a vital role in achieving the UK’s carbon reduction goals, with significant backing from both the private and public sectors.
