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News24 | Biochar Boom? South Africa Bets on Super Charcoal for Green Jobs

PEAK DISTRICT, ENGLAND, UNITED KINGDOM, JUL 7 – The £28.6 million investment will help capture over 3 million tonnes of CO2 annually and create up to 3,500 jobs, supporting the UK’s transition to clean energy and industrial growth.

  • On Monday, Rachel Reeves announced a £28.6 million National Wealth Fund investment into the Peak Cluster project to support decarbonising the cement and lime industries.
  • Amid doubts, MPs said the Public Accounts Committee branded carbon capture `unproven` and warned of a high-risk gamble, following last year's Autumn Statement designation.
  • In detailing the initiative, Neil McCulloch said `Through our partnership with Peak Cluster, the MNZ carbon store will decarbonise 40 per cent of the UK’s cement production and help create new, highly-skilled jobs`.
  • Ministers said the project will create around 1,500 new jobs, while supporting 2,000 existing roles across Derbyshire, Staffordshire and the North West.
  • Support for Peak Cluster is stimulating large-scale future investments, part of the UK’s broader push to build a resilient carbon capture industry alongside hydrogen, EV supply chains and steel.
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BBC News broke the news in United Kingdom on Monday, July 7, 2025.
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