BP, Shell, ENI Among Companies Partnering to Develop North Sea CO2 Storage Infrastructure
October 26 2020 - 4:12AM
Dow Jones News
By Jaime Llinares Taboada
BP PLC said Monday that it is partnering with ENI Spa, Equinor
ASA, National Grid PLC, Royal Dutch Shell PLC and Total SE to
develop carbon-dioxide transport and storage infrastructure in the
U.K. North Sea.
The FTSE 100 oil giant said the offshore infrastructure will
serve the proposed Net Zero Teeside and Zero Carbon Humber
decarbonization projects in England.
The partnership, named the Northern Endurance Partnership, has
submitted a bid for government funding to develop an offshore
pipeline network to transport captured CO2 emissions from both NZT
and ZCH, to be stored in geological sites beneath the U.K. North
Sea. The funds that are being sought are part of the 170
million-pound ($221.7 million) Industrial Decarbonisation
Challenge, a component of the U.K. government's clean growth
strategy.
BP said it will lead the Northern Endurance Partnership as
operator, with teams drawing on expertise from across all the
partners.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
October 26, 2020 03:57 ET (07:57 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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