Two carbon capture projects expected to bring thousands of jobs and wider socioeconomic benefits to the North East of England will proceed to the execution phase.
The Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power) have reached financial close.
The NEP is a joint venture between BP (45%), Equinor (45%) and TotalEnergies (10%). It serves as the operator of the full, end-to-end CO2 transport and storage system for the East Coast Cluster (ECC). First announced in 2021, the ECC aims to transport and store carbon emissions from two industrial regions of the UK – Teesside and Humber.
The NEP infrastructure will initially serve three carbon capture projects in the Teesside region: NZT Power, H2Teesside and Teesside Hydrogen CO2 Capture.
Infrastructure includes an onshore CO2 gathering network, compression facilities and a 145km offshore pipeline connected to subsea injection facilities in the Endurance saline aquifer located around 1,000 metres below the seabed.
The...