11/30/2023 0 Comments Carbon capture storage![]() ![]() The project, which also includes National Grid (NG.L), Equinor, Shell and TotalEnergies, aims to store CO2 emissions captured at industrial clusters in Teesside and Humberside. * Northern Endurance, a BP-led (BP.L) partnership, aims to develop infrastructure to transport and store about 20 mtpa of CO2 under the seabed in the southern North Sea from 2030. RWE (RWEG.DE), Phillips 66 (PSX.N), VPI, West Burton Energy are looking at storing CO2 emissions at the site. It plans to start injecting CO2 in 2027, initially at a rate of 2 mtpa of CO2, ramping up to 10 mtpa by 2030 and 15 mtpa by 2035. * Viking CCS, led by independent oil and gas firm Harbour Energy (HBR.L), aims to store up to 10 mtpa of CO2 by 2030 at the depleted Viking gas field in the southern North Sea. Storegga, Shell and Harbour Energy each hold 30% stakes and North Sea Midstream Partners (NSMP) the remaining 10%. * Acorn CCS, a project off the coast of Scotland to develop a storage site with an annual capacity of 5-10 mtpa of CO2 by 2030. The site could potentially store emissions from OMV's majority-owned Austrian plastics group Borealis (BESGR.UL). * Poseidon, an Aker BP-led project to explore for a CO2 storage in the North Sea with potential capacity to inject more than 5 million tonnes a year.Īker BP, Norway's second-largest listed oil and gas firm, has a 60% stake and Austria's OMV has a 40% stake. Sval is the proposed operator with 40% ownership, while Storegga and Neptune each have 30%. ![]()
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