Northern Endurance Partnership Launches the First CCS Project in the UK With the Participation of TotalEnergies [Yahoo! Finance]
TotalEnergies SE (TTE)
Company Research
Source: Yahoo! Finance
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 CO per year. The NEP infrastructure will initially serve three carbon capture projects in the Teesside region (NZT Power, H2Teesside and Teesside Hydrogen CO Capture). Infrastructure includes an onshore CO 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 CO 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 CO from one of the UK's largest industrial regions. Our stake in NEP
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TTE
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TTE
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