Northern Endurance Partnership Launches the First CCS Project in the UK With the Participation of TotalEnergies
December 10 2024 - 10:07AM
Business Wire
Regulatory News:
Northern Endurance Partnership (NEP) announced today financial
close, allowing to proceed with the execution of the first CCS
project in the UK. NEP, in which TotalEnergies (Paris:TTE)
(LSE:TTE) (NYSE:TTE) holds a 10% shareholding interest, will
permanently store up to an initial 4 million tonnes of CO2 per
year.
The NEP infrastructure will initially serve three carbon capture
projects in the Teesside region (NZT Power, H2Teesside and Teesside
Hydrogen CO2 Capture). Infrastructure includes an onshore CO2
gathering network, compression facilities and a 145 km offshore
pipeline connected to subsea injection facilities in the Endurance
saline aquifer located around 1,000m below the seabed.
Construction is expected to start from mid-2025 with first CO2
storage expected in 2028.
Arnaud Le Foll, Senior Vice President New Business – Carbon
Neutrality, TotalEnergies, said: “We are very pleased to be a
part of this significant moment in the development of the UK’s CCS
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.”
Chris Daykin, Director, Northern Endurance Partnership,
said: “This is a landmark moment in the development of CCUS
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.”
Ed Miliband, Secretary of State for Energy Security and Net
Zero, said: “This investment launches a new era for clean
energy in Britain - boosting energy security, backing industries,
and supporting thousands of highly skilled jobs in Teesside and the
North East. This is the Government’s mission to make the UK a clean
energy superpower in action- replacing Britain’s energy insecurity
with homegrown clean power that rebuilds the strength of our
industrial heartlands.”
***
About Northern Endurance Partnership (NEP) NEP is the CO2
transportation and storage provider for the East Coast Cluster
(ECC). The NEP infrastructure will initially serve the
Teesside-based carbon capture projects – NZT Power, H2Teesside and
Teesside Hydrogen CO2 Capture – that were selected for first
connection to NEP by Department of Energy Security and Net Zero
(DESNZ) in March 2023 as part of the UK’s cluster sequencing
process for carbon capture usage and storage (CCUS). NEP has been
granted the first Carbon Dioxide Transport and Storage Licence in
the UK under the Transportation and storage Regulatory Investment
(TRI) regime – a regulatory regime that unlocks private investment
in long-term infrastructure by providing incentives and protections
in developing a nascent CCUS market in the UK. NEP has also been
granted a CO2 Storage Permit by the North Sea Transition Authority
which will enable CO2 injection and storage to commence when the
infrastructure is complete. bp (45%), Equinor (45%), and
TotalEnergies (10%) are NEP shareholders.
About TotalEnergies and Carbon Storage TotalEnergies’
focus is first to avoid emissions and then to reduce them by
developing and deploying a systematic approach, asset-by-asset, to
implement the best available technologies. For residual emissions,
the Company is developing industrial projects for carbon storage.
Backed by core competencies in large-scale project management, gas
processing and geosciences, TotalEnergies is on track to enable
significant decarbonization of hard-to-abate industrial businesses
through projects such as Northern Lights in Norway, Norther
Endurance Partnership in the UK, Bayou-Bend in the US, Aramis in
the Netherlands and Bifrost in Denmark.
About TotalEnergies in the United Kingdom TotalEnergies
has been present in the UK for more than 60 years, employing more
than 1,800 people across the energy value chain. As one of the
country’s leading oil and gas operators, the Company operates
around 30% of the UK Continental Shelf’s gas production, with
average daily production of 142,000 barrels of oil equivalent per
day (boe/d) in 2023 in company share. TotalEnergies is deploying
its Integrated Power strategy in the UK, which combines renewable
power production and flexible power generation capacities. Its
renewable portfolio in the county includes 1.1 GW of gross
installed capacity (Seagreen offshore wind farm) and 4.5 GW under
development. It was complemented in 2024 by the acquisition of
gas-fired power plants (CCGT) with total output of 1.3 GW. The
Company is one of the UK’s largest suppliers of gas and electricity
to businesses and the public sector. TotalEnergies also offers EV
charging solutions and markets petroleum products including
lubricants, aviation fuel, bitumen and specialty fluids.
About TotalEnergies TotalEnergies is a global integrated
energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
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