Equinor and partners approve execution of UK’s first carbon capture and storage projects
Equinor, alongside project partners, has announced financial close after taking a Final Investment Decision (FID) to progress to execution phase on two of the UK’s first carbon capture and storage (CCS) projects in Teesside, the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power). The project expects to commence construction from mid-2025 with […]
Equinor and Ørsted make carbon removal agreement
In a new agreement, Ørsted will sell carbon dioxide removal (CDR) credits amounting to 330,000 tonnes of CO2 to Equinor over a ten-year period. This is part of Ørsted’s CO2 capture and storage project, ’Ørsted Kalundborg CO2 Hub’, which will capture 430,000 tonnes of biogenic CO2 annually from two of Ørsted’s biomass-fired CHP plants from 2026. The CO2 that is […]