Carbon capture and storage (CCS) is set to play a key role in the UK’s strategy to reduce emissions in hard-to-abate sectors.
bp is actively involved in several CCS projects in the UK aimed at helping to support the reduction of operational emissions from certain carbon-intensive industries and enable economic growth. We believe that these projects could help to protect thousands of jobs, act as a magnet for further investment in the region, and support energy security.
A joint venture between bp and Equinor, NZT Power aims to be one of the world’s first commercial-scale gas-fired power stations with carbon capture and storage technology, providing flexible, low carbon power to the UK grid. Located at Teesworks in the northeast of England, the plant could generate up to 742 megawatts of flexible, dispatchable low carbon electricity, enough to power the equivalent of more than one million UK homes.
A joint venture between bp, Equinor and TotalEnergies, NEP is the CO2 transportation and storage provider for the East Coast Cluster – a range of power, hydrogen and industrial businesses in Teesside and the Humber regions of northern England. The project aims to develop the infrastructure needed to transport CO2 from emitters across the Humber and Teesside regions to secure offshore storage in the southern North Sea.
bp, working with Harbour Energy as the lead operator, is co-developing the Viking CCS project near Humberside – the UK’s most industrial and CO2 emissions-intensive region. The project is targeting 10 million tonnes a year of CO2 stored by 2030, rising to 15 million tonnes a year by 2035. Viking CCS aims to be the UK’s first major CO2 shipping destination, providing vital storage infrastructure, and unlocking significant investment and job opportunities in the region.
bp mostly produces, trades and sells oil and gas, alongside transition activities such as EV charging, bioenergy and renewables that are a much smaller but key part of our business.