Chrysaor Applies for UK CO2 Storage Licence
UK producer Chrysaor has applied for a licence to store CO2 in a depleted southern North Sea gas reservoir, it said on November 10, as part of plans to decarbonise industry in the Humber area. The company is also seeking a CO2 storage lease with the Crown Estate.
Chrysaor is supporting the V Net Project, aimed at decarbonising the Immingham cluster in Humberside. The CO2 will be captured, compressed and conditioned by the partners in the Humber Zero project, which include Vitol and Phillips 66.
"This application is a meaningful step for V Net Zero and our ambition towards delivering the UK’s first industrial scale carbon capture and storage project," Chrysaor CEO Phil Kirk said. "We are delighted to work alongside a strong industrial coalition of leading energy companies and play a key part in the UK’s net zero journey."
Humber Zero will initially capture CO2 from the Humber oil refinery and the Immingham and Uniper Killingholme power plants. The project is expected to capture 8mn metric tons/year of CO2 by the mid-2020s, rising eventually to 40mn mt/yr.