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Prime Minister gives HyNet the green light

Clees • October 4, 2024

Government announced that HyNet has been given the green light, unlocking the decarbonisation of industry and growth across the North West and North Wales industrial heartlands.

Otto Simon is delighted to share that today the Prime Minister gives HyNet the green light.

This morning, the Government announced that HyNet has been given the green light, unlocking the decarbonisation of industry and growth across the North West and North Wales industrial heartlands.
The significant milestone was announced by the Prime Minister, Chancellor and Secretary of State for Net Zero and Energy at Encirc, an international glass production plant and partner of HyNet.

HyNet is a low carbon cluster which will implement carbon capture and storage and low carbon hydrogen infrastructure at large scale, enabling industry to decarbonise.
Delivering HyNet will secure £5 billion of private sector capital to enable re-industrialisation of the region, allow companies to successfully compete in international low carbon markets and attract new industries to the UK.

Prime Minister Keir Starmer said:
"We’re reigniting our industrial heartlands by investing in the industry of the future.
- For the past 14 years, business has been second-guessing a dysfunctional government – which has set us back and caused an economic slump.
- Today’s announcement will give industry the certainty it needs – committing to 25 years of funding in this ground-breaking technology – to help deliver jobs, kickstart growth, and repair this country once and for all."

These projects will set the UK on course to become a global leader in CCUS and hydrogen – creating more jobs and significant growth for decades to come.

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