The Opportunity
A new energy ecosystem for the Humber
Research by Viking CCS has shown that the Cluster projects could unlock up to £7 billion of investment across the value chain from 2025 to 2035, as well as providing an estimated £4 billion of gross value add (GVA) to the Humber region.
We believe that projects like Humber Zero will provide the foundations for a new ecosystem of energy projects beyond carbon capture and will encourage the development of other technologies such as hydrogen. These projects would bring further opportunities for growth while protecting thousands of jobs through the decarbonisation of harder to abate industries.
Supporting Jobs & Skills
As two leading businesses in the Humber, we recognise we play an important role in the region, both as suppliers of critical products and services and as local employers.
The first phase of Humber Zero will create up to 2,500 jobs in construction alongside additional permanent jobs once operational. It will also help sustain industrial jobs in the region, adding to the existing industries in the Humber and ensuring that there continue to be high value jobs for skilled people locally.
The transition to net zero will require a significant increase in skilled labour to deliver projects like Humber Zero. We are investing in CATCH, a local training provider, to support their efforts to develop a new Net Zero Training Centre for the region and deliver a 10-fold increase in apprenticeships from 100 to 1,000 a year by 2029. Find out more on the CATCH website.
Securing energy supplies and a future supply chain
The development of carbon capture will allow VPI's Immingham plant to become a major provider of lower-carbon electricity and heat into the 2030s and beyond. It will also help the Humber Refinery to lower scope 1 emissions and reduce the carbon intensity of the vital products it delivers for the EV supply chain and transport sector.
Humber Zero will also prevent carbon emissions simply migrating offshore as a result of industry being forced to move production to other countries and help the UK to maintain and develop a stronger UK supply chain by reducing its reliance on energy imports.