How to tap the UK's Decommissioning Sector

September 14, 2023

Decommissioning is a key driver in the UK’s plans to achieve net zero by 2050. The sector focuses on emission reductions during operations, repurposing existing infrastructure for CO2 storage, identifying reuse opportunities during onshore disposal, and supporting the offshore wind industry, and is anticipated in the UK to be worth around £20 billion ($25.7 billion; €23.1 billion) by 2031, according to trade association Offshore Energies UK. With the ongoing development of the offshore wind sector (among other less carbon-intensive sources of energy), coupled with the lack of political consensus around supporting the oil and gas industry in recent years, there is a renewed focus on decommissioning activity, particularly in the North Sea.

Read the full article in Infrastucture Investor (subscription required).