Bacton Energy Hub Business Opportunity Report - 14 December 2022
Country
Year
2022
Summary
Bacton is a strategic gas processing hub in the UK and is ideally positioned to become a significant Hydrogen production site to support meaningful decarbonisation of London, the South East and beyond by 2030, whilst enabling long term viability for the terminal and associated infrastructure
There is an opportunity for a Bacton Hydrogen production hub to be quickly established providing significant contribution to UK Government targets for both Hydrogen production and CO 2 capture by 2030. Bacton provides:
- Access to a large gas demand in London and the South East with very little demand side build out required.
- Access to upstream feedstock, with no new upstream development required in the short term.
- Opportunity to abate meaningful amounts of CO 2 in the early 2030s. It is recognised that speed of action is critical to achieve Paris aligned carbon reduction pathways.
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