BP's East Coast Cluster Selected as One of First Two Carbon Capture, Storage Projects in UK
October 19 2021 - 6:14AM
Dow Jones News
By Sabela Ojea
BP PLC said Tuesday that the U.K.'s East Coast Cluster
industrial decarbonization project has been named as one of the
country's first two carbon capture, usage and storage clusters by
the government's Department for Business, Energy and Industrial
Strategy, or BEIS.
The decision taken by BEIS is a major step in achieving the
government's target of establishing the first net zero carbon
industrial cluster in the U.K. by 2040, BP said.
The East Coast Cluster is enabled by the Northern Endurance
Partnership, which is led by BP as its operator.
The project is a collaboration between BP, ENI SpA, Equinor ASA,
National Grid PLC, Royal Dutch Shell PLC and TotalEnergies SE, the
British oil-and-gas major said.
"Once operational, the cluster has the potential to transport
and securely store nearly 50% of all U.K. industrial cluster CO2
emissions, up to 27 million [metric] tons of CO2 emissions a year
by 2030," it said.
Shares in BP at 0929 GMT were up 1.90 pence, or 0.5%, at 363.35
pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
October 19, 2021 05:59 ET (09:59 GMT)
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