Business
Key Partner for Landmark Carbon Capture Project
Key Partner for Landmark Carbon Capture Project.
About this update from Costain Group Plc
[{"type":"text","content":"\n\n \nCostain Group PLC\n15 March 2024\nCostain Selected As Key partner for Landmark Carbon Capture Project\nCostain to manage onshore CO2 gathering systems for the East Coast Cluster\n \n\nCostain Group PLC (\"Costain\") announces that it has been selected by Net Zero Teesside Power (NZT Power) and the Northern Endurance Partnership (NEP) joint ventures, as one of nine specialist partners for engineering, procurement, and construction contracts with a combined value of around £4bn. \n \nCostain's involvement with NZT Power, NEP and its partners is to oversee and manage the engineering procurement and construction of the onshore CO2 gathering system and associated utilities serving the East Coast Cluster. The contracts are subject to the receipt of regulatory clearances and final investment decisions (FID) being taken in September 2024 or earlier. Following FID, the projects would be aiming for commercial operations from 2027. \n \nNZT Power, a joint venture between bp and Equinor, could generate up to 860 megawatts of flexible, dispatchable low-carbon power equivalent to the average electricity requirements of around 1.3m UK homes. Up to 2m tonnes of CO2 per year would be captured at the plant, and then transported and securely stored by the NEP in subsea storage sites beneath the North Sea.\n \nNEP, a joint venture between bp, Equinor, and TotalEnergies, is the CO2 transportation and storage provider for the East Coast Cluster (ECC). The Teesside onshore NEP infrastructure would serve the Teesside-based carbon capture projects - NZT Power, H2Teesside and Teesside Hydrogen CO2 Capture - that were selected for first connection to the ECC by DESNZ in March 2023 as part of the UK's cluster sequencing process for carbon capture usage and storage (CCUS). It is anticipated that around 4m tonnes of CO2 per year from these projects would be transported and stored from 2027. \n \nCostain is a recognised leader in energy infrastructure and in shaping energy transition solutions through its leading process design and programme management expertise. \n \nIan Hunter, managing director Net Zero Teesside Power, said: \"The selection of contractors is a major step forward for Net Zero Teesside Power. We have selected world-class partners who have the experience and capability needed to de...