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The Carbon Capture Revenue Support (Directions, Eligibility and Counterparty) Regulations 2024

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Carbon Capture Revenue Support (Directions, Eligibility and Counterparty) Regulations 2024 No. 688

This section has no associated Explanatory Memorandum

7.  A carbon capture counterparty must, in respect of each carbon capture revenue support contract to which it is a party, enter onto the register—

(a)the name of the facility at which the carbon dioxide is, or is to be, captured in pursuance of that carbon capture revenue support contract;

(b)such map grid references as are reasonably necessary to identify the location of the facility at which the carbon dioxide is, or is to be, captured pursuant to that carbon capture revenue support contract;

(c)the description of carbon capture revenue support contract to which the entry relates (for example, industrial or waste industrial);

(d)a brief description of the technology used, or to be used, to capture the carbon dioxide (for example, pre or post-combustion capture);

(e)a brief description of the activity from which the carbon dioxide is, or is to be, produced;

(f)the identity of any carbon dioxide transport and storage operator being used or to be used by the eligible carbon capture entity;

(g)the maximum amount of carbon dioxide captured in any one-year period (expressed in tonnes of carbon dioxide) in respect of which the eligible carbon capture entity could receive payments under the carbon capture revenue support contract, as agreed under the carbon capture revenue support contract; and

(h)the estimate of the carbon dioxide capture rate for the facility (expressed as a percentage), as agreed pursuant to the carbon capture revenue support contract.

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