Sunday, December 22, 2024

Northern Endurance Partnership achieves financial close for UK’s first CCS project

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Northern Endurance Partnership (NEP) has announced financial close for the UK’s first carbon capture and storage (CCS) project.

TotalEnergies, holding a 10% share in NEP, will contribute to storing up to four million tonnes of CO2 annually. The infrastructure will serve three projects in Teesside, featuring a CO2 network and offshore pipeline.

TotalEnergies Senior Vice-President new business – carbon neutrality Arnaud Le Foll said: “We are very pleased to be a part of this significant moment in the development of the UK’s CCS [carbon capture and storage] industry. NEP is a frontrunner project and we look forward to transporting and permanently storing CO2 from one of the UK’s largest industrial regions.

“Our stake in NEP contributes to TotalEnergies’ objective to develop significant CO2 storage capacities in the North Sea, where we can leverage our expertise in operations and geosciences.”

The project infrastructure includes an onshore CO2-gathering network, compression facilities and a 145 km offshore pipeline. This pipeline connects to subsea injection facilities in the Endurance saline aquifer, located approximately 1000 m below the seabed.

Construction is expected to commence by mid-2025, with the first CO2 storage anticipated in 2028.

This timeline marks a significant step in the UK’s efforts to reduce carbon emissions and transition to cleaner energy sources.

Northern Endurance Partnership director Chris Daykin said: “This is a landmark moment in the development of CCUS [carbon capture, utilisation and storage] infrastructure and the UK’s ambition to reach net-zero emissions by 2050. With joint backing from shareholders and the UK Government, Northern Endurance Partnership is entering its execution phase ahead of start-up expected in 2028.”

Earlier this year, TechnipFMC and Saipem were selected to supply and install an all-electric subsea system featuring manifolds, umbilicals and pipes for the CCS project.

 

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World Pipelines’ December 2024 issue

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Read the article online at: https://www.worldpipelines.com/project-news/11122024/northern-endurance-partnership-achieves-financial-close-for-uks-first-ccs-project/



 

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