Twelve companies were awarded a total of 20 licences to develop carbon dioxide (CO2) storage offshore, in Britain's first licensing round for such projects, the North Sea Transition Authority (NSTA) said on Thursday.
Britain aims to use carbon capture and storage 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.
Injection into the first storage sites, consisting of a mix of depleted oil and gas fields and porous rock formations, could start within six years, the NSTA said, but first operators need to obtain leases and approvals. The new licences supplement a handful of other planned CCS projects that were part of a government pilot scheme and for which negotiations on commercial details are ongoing.
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