Six oil and gas giants have announced plans to study the development of Carbon capture, usage and storage (CCUS) in Britain, in what would be the first use of the technology in the country.
The study will come under the investment branch of the Oil and Gas Climate Initiative (OGCI), which aims to reduce the carbon emissions of the industry.
To help push the project forward, OGCI has formed a strategic partnership with BP, Eni, Equinor, Occidental Petroleum, Royal Dutch Shell and Total – some of the world’s biggest industry players.
The Clean Gas Project based in Teeside will capture carbon dioxide from a gas fired power plant, compress it and transport the emissions to a storage site in the southern North Sea via a pipeline, which could then be used by industries that require the use of CO2.
This comes as world leaders recognise the importance in using this technology to help reach global climate targets, including UK Energy Minister Claire Perry, who was speaking at the Accelerating CCS Conference.
She said: “At this seminal summit and conference, the UK is setting a world-leading ambition for developing and deploying carbon capture and storage technology to cut emissions.”
This was supported by IEA executive director Fatih Birol, who said: “Carbon capture, usage and storage (CCUS) is critically important for reaching global climate targets while meeting the planet’s energy needs. We’ve seen slow and steady progress on CCUS in the past decade, but this is far from enough. The task of deploying CCUS must be approached with a real sense of urgency.”