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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.

Company Information

Company

Northern Endurance Partnership (NEP)

About

Northern Endurance Partnership (NEP) is involved in the execution of the first CCS project in the UK, aiming to permanently store up to an initial 4 million tonnes of CO2 per year in the Endurance saline aquifer located around 1,000m below the seabed.

Predictive Intelligence
Strategic

ML-powered predictions for Northern Endurance Partnership (NEP)'s next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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