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Equinor News
Equinor and partners approve execution of UK’s first carbon capture and storage projects
The project includes a CO2 gathering network and onshore compression facilities as well as a 145km offshore pipeline and subsea injection and monitoring facilities for the Endurance saline aquifer.
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Equinor, alongside project partners, has announced financial close to progress to execution phase on two of the UK’s first carbon capture and storage (CCS) projects in Teesside, the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power).
The project expects to commence construction from mid-2025 with start-up in 2028. It includes a CO2 gathering network and onshore compression facilities as well as a 145km offshore pipeline and subsea injection and monitoring facilities for the Endurance saline aquifer located around 1000m below the seabed. It could transport and store up to 4 million tonnes of captured carbon dioxide emissions per year from three Teesside projects initially, rising to an average of up to 23 million tonnes by 2035 with future expansion of the East Coast Cluster.
Equinor is also a partner in NZT Power, which is part of the East Coast Cluster. NZT Power will be a new first-of-a-kind gas-fired power plant with carboncapture, which supports the decarbonisation ambitions across the north-east of England’s industrial regions.
The plant will have the capacity to generate up to 742 megawatts of decarbonised, flexible power, complementing a growing share of intermittent renewable power. This capacity is equivalent to the average electricity demand of around 1 million UK homes. It will have a capacity to capture up to 2 million tonnes of CO2per year for transport and secure storage by the NEP project.
NEP has also been granted government approval to progress development engineering for the Humber Carbon Capture Pipeline (HCCP), the proposed onshore infrastructure project that would transport CO2 from future selected carbon capture projects in the Humber region.
These decarbonisation projects support Equinor’s wider corporate ambition, including a 50 per cent reduction in operated emissions and 50 per cent gross capex investment in low carbon and renewable technologies by 2030. In the low carbon solutions space, Equinor has an aim to have a 30-50 mtpa CO2 transport and storage capacity by 2035.
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