Project Manager News Hubb
Advertisement Banner
  • Home
  • Project Management
  • Project Management Tools & Software
  • Contact
No Result
View All Result
  • Home
  • Project Management
  • Project Management Tools & Software
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Project Management

UK’s First CO2 Storage Round Attracts Bids From 19 Companies

admin by admin
September 22, 2022
in Project Management


A total of 19 companies applied to develop carbon dioxide (CO2) storages off Britain in the country’s first such licensing round, the North Sea Transition Authority (NSTA) said on Thursday.

Britain aims to use CCS technology, which involves filtering planet-warming carbon from industrial smokestacks before it hits the atmosphere and storing it underground, to hold 20 million to 30 million tonnes of CO2 by 2030.

“The level of interest already expressed suggests there will be strong competition, meaning that prospective licensees will need to produce high-quality bids to win licences,” the NSTA said.

It didn’t name the bidders, but Italy’s Eni said on Wednesday it had applied to store CO2 at the depleted Hewett gas field.

The NSTA offered 13 areas, consisting of a mix of depleted oil and gas fields and porous rock formations containing seawater. These come on top of six licences granted under a pilot scheme.

While CCS can help carbon-heavy industries cut their emissions, it is yet to be deployed on a large scale anywhere in the world.

NSTA estimates as many as 100 CO2 stores could be required in order for Britain to meet its net zero emissions target by 2050 target.

Britain’s greenhouse gas emissions stood at around 425 million tonnes of CO2 equivalent last year, according to government data.

Applications closed on Sept. 13, with awards expected to be made early next year, and the first injection of CO2 coming in four-to-six, NSTA said.

(Reporting by Nina Chestney, Additional reporting by Nerijus Adomaitis in Oslo; Editing by Mark Potter)



Source link

Previous Post

Project Charter – Simply Explained · Blog · ActiveCollab

Next Post

Britain Sets Out Tax Cuts And Other Measures To Boost Growth

Next Post

Britain Sets Out Tax Cuts And Other Measures To Boost Growth

Recommended

Breaking Down Data Siloes For Data-Driven Decision Making

10 months ago
Common Challenges in Project Management [And How To Solve Them] · Blog · ActiveCollab

Common Challenges in Project Management [And How To Solve Them] · Blog · ActiveCollab

1 year ago

How to write a handover email to your manager

3 weeks ago

Task Managment Techniques: 10 Best Task Management Tips

2 months ago

Problem Solving vs Decision Making

2 months ago

An Affordable Project Management Tool Perfect for Startups Like Trail Digital · Blog · ActiveCollab

1 year ago
project manager-59

© Project Manager News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Project Management
  • Project Management Tools & Software
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Project Management
  • Project Management Tools & Software
  • Contact

© 2022 Project Manager News Hubb All rights reserved.