📢 Carbon capture in Teesside reaches another milestone in journey towards deployment!
🔹 Today, Net Zero Teesside Power (NZT Power) and the Northern Endurance Partnership (NEP) have reached financial close. This is fantastic news for the CCUS industry in the UK and a major step forward in the fight against climate change.
🔹NZT Power is set to be the world’s first commercial-scale gas-fired power station with carbon capture technology. It will support heavy industry decarbonisation, generate 742 MW of low-carbon electricity—powering over 1 million UK homes—and capture up to 2 million tonnes of CO₂ annually.
🔹This news comes at a crucial time as the UK announced at COP29 last month a target of cutting emissions by 81% by 2035, while the Prime Minster last week recommitted to the clean power by 2030 target.
🔹If the UK is to meet these targets, in line with the Climate Change Committee (CCC) ambition for the UK to capture and store 20-30 million tonnes (Mt) of CO₂ per year by 2030 to meet our Carbon budgets, CCUS needs to be deployed at scale.
🛠️ The CCSA urges the Government to continue to prioritise clusters and projects, particularly as countries around the world are competing with the UK for investment to build CCUS.
A number of CCSA members are involved in Net Zero Teesside Power, including bp, Equinor, TotalEnergies, Shell, GE Vernova, Costain Group PLC & Wood.
📃 Read the CCSA's full press release here: https://lnkd.in/gQEbPfth
🗨️ Read CCSA CEO Olivia Powis’s quote below 👇
#CCUS | #CarbonCapture | #NetZero