Carbon capture and storage companies uk4/29/2024 Ruth Herbert, Chief Executive at the Carbon Capture and Storage Association, said: The cluster sequencing process was set up to give industry the certainty it requires to deploy carbon storage at pace.Īn updated GIS delivery is available here, and redacted versions of all of the new licences will be published in the coming days. Two locations, Hynet and the East Coast Cluster, have been selected as Track 1, while Acorn and Viking CCS projects have been chosen as the Track 2 clusters. Six licences have already been granted by the NSTA and the Government recently announced £20bn funding for the progression of these existing projects. The NSTA will assess the response and the quality of opportunities in locations across the UK before deciding when to run a second round. It is estimated that as many as 100 storage licences will be needed to meet the requirements for reaching net zero and the volume of applications received for the first round demonstrated the industry’s desire for further opportunities. We will also continue to work with industry and government to enable further licensing activity and back the UK’s drive to net zero emissions.” “It is exciting to award these licences and our teams will support the licensees to bring about first injection of carbon dioxide as soon as possible. “Carbon storage will play a crucial role in the energy transition, storing carbon dioxide deep under the seabed and playing a key role in hydrogen production and energy hubs. Stuart Payne, NSTA Chief Executive, said: Other locations include sites off the coasts of Aberdeen, Teesside, and Liverpool. Shell, Perenco and ENI have all been awarded licences off the coast of Norfolk in sites which could form part of the Bacton Energy Hub – a carbon storage, hydrogen and offshore wind project, which could provide low-carbon energy for London and the South East for decades to come and help in the drive to net zero greenhouse gas emissions. The locations could store up to 30 million tonnes of CO 2 per year by 2030, approximately 10% of UK annual emissions which were 341.5 million tonnes in 2021. The North Sea Transition Authority (NSTA) today (15 September 2023) announced the list of companies which have accepted licences following the UK’s first-ever carbon storage licensing round.Ī total of 14 companies have been awarded 21 licences in depleted oil and gas reservoirs and saline aquifers which cover around 12,000sq km – an area equivalent to the size of Yorkshire. 21 licences shared by a total of 14 companiesĪlmost 10% of total UK greenhouse gas emissions could be stored in new licence locationsīacton could be Energy Transition Hub – home to carbon storage, offshore wind, and hydrogen production
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