By Jaime Llinares Taboada
BP PLC said Monday that it is partnering with ENI Spa, Equinor ASA, National Grid PLC, Royal Dutch Shell PLC and Total SE to develop carbon-dioxide transport and storage infrastructure in the U.K. North Sea.
The FTSE 100 oil giant said the offshore infrastructure will serve the proposed Net Zero Teeside and Zero Carbon Humber decarbonization projects in England.
The partnership, named the Northern Endurance Partnership, has submitted a bid for government funding to develop an offshore pipeline network to transport captured CO2 emissions from both NZT and ZCH, to be stored in geological sites beneath the U.K. North Sea. The funds that are being sought are part of the 170 million-pound ($221.7 million) Industrial Decarbonisation Challenge, a component of the U.K. government's clean growth strategy.
BP said it will lead the Northern Endurance Partnership as operator, with teams drawing on expertise from across all the partners.
Write to Jaime Llinares Taboada at email@example.com; @JaimeLlinaresT
(END) Dow Jones Newswires