Shell has decided to pull out of the Northern Endurance Partnership, one of Britain's largest carbon capture and storage (CCS) projects aimed at decarbonising industrial clusters.
NEP aims to develop infrastructure to transport and store about 20 million tonnes per year of CO2 from industrial clusters in Teesside and Humberside to under the seabed in the southern North Sea from 2030.
The NEP project could account for at least half of the 20-30 million tonnes of CO2 Britain aims to capture annually by 2030. National Grid is is also in discussions with the partners on the sale of the Humber onshore pipeline project to its remaining partners, NEP said.Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector's turmoil during the COVID-19 pandemic and following Russia's invasion of Ukraine. He has been named Reporter of the Year in 2014 and 2021 by Reuters.
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