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Oil companies invest in CO2 storage

2020-10-26T20:47:46.806Z


Total holds a stake in a large project led by BP off the coast of England.Capturing CO2 in British factory chimneys and burying it in the geological depths of the North Sea. This is the project led by BP off the east coast of England, supported for this by the electrician National Grid and the European tankers Equinor, Royal Dutch Shell, Eni, and Total. These six groups announced Monday the creation of a new partnership, the Northern Endurance Partnership (NEP), which a


Capturing CO2 in British factory chimneys and burying it in the geological depths of the North Sea.

This is the project led by BP off the east coast of England, supported for this by the electrician National Grid and the European tankers Equinor, Royal Dutch Shell, Eni, and Total.

These six groups announced Monday the creation of a new partnership, the Northern Endurance Partnership (NEP), which aims to decarbonize the British industrial heart.

The project should come into operation in 2026.

Read also:

CO2 capture, a key issue for climate objectives

Carbon capture, which prevents CO2 from diffusing into the atmosphere, is considered by many to be essential for achieving carbon neutrality.

"No sector will escape the energy transition

," warns Fatih Birol, director of the International Energy Agency (IEA).

And some, like heavy industry, will not be able to do without carbon capture. ”

The IEA lists around thirty commercial capture projects around the world.

Very variable costs

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Source: lefigaro

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