Teesside, UK, OGCI Climate Investments announced the formation of a consortium of OGCI members – BP, Eni, Equinor, Shell and Total – to accelerate the development of the Net Zero Teesside project, previously known as the Clean Gas Project.
The partners bring the global experience of carbon capture, utilization and storage technology and are committed to working closely with the UK government and local stakeholders, including the Tees Valley Mayor and Combined Authority, to develop the Net Zero Teesside project to deliver the UK’s first zero-carbon cluster. With the right government support, the project has an ambitious yet achievable potential start-up date of the mid-2020s.
The project will decarbonize the local industry by building a transportation and storage system to gather industrial CO2, compress it and store it safely in a reservoir under the North Sea. The transportation and storage infrastructure will encourage new investment in the region from industries that wish to store or use CO2. In addition, a combined cycle gas turbine facility with carbon capture technology will provide low carbon power as a complement to renewable energy sources and underpin the investment in the infrastructure.
