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Northern Endurance Partnership Launches the First CCS Project in the UK With TotalEnergies
Dec 10, 2024•over 1 year ago
Contract Type
partnership
Artificial Intelligence
Description
Northern Endurance Partnership (NEP) has announced the financial close, allowing the execution of the first CCS project in the UK, with TotalEnergies holding a 10% shareholding interest. The project aims to permanently store up to an initial 4 million tonnes of CO2 per year, with construction expected to start from mid-2025 and first CO2 storage expected in 2028.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months