The National Wealth Fund (NWF), the UK’s sovereign wealth fund is making a multi-million equity investment in the development of a project that will store CO2 emissions in the East Irish Sea.

The £28.6 million investment is described as the cornerstone of a £59.6 million equity raise, which also includes investment through a joint venture between Summit Energy Evolution , part of Sumitomo Corporation, and Progressive Energy Peak , as well as the cement and lime producers in the Peak Cluster : Tarmac, Breedon, Holcim, and SigmaRoc .