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36 min ago 2 min read
Lead developer Harbour Energy has welcomed approval of development funding for the Viking CCS project in the UK’s Humber region.
It marks an important step towards final investment decision (FID), which is earmarked before the end of the current parliament (August 2029).
The Department for Energy Security and Net Zero provided a £65.5m cash injection and development funding during the spending review for the CO2 transport and storage project.
The funding will support further technical and commercial work on the project, which aims to capture 4 Mt of UK emissions per year from the early 2030s.
Graeme Davies, Executive Vice-President, Global CCS, Harbour Energy, said it will work towards FID following completion of front-end engineering design and approval of the onshore pipeline development consent order in 2025, and after UK government approval was issued . BP has a 40% stake in the project and RWE is a capture partner.
Olivia Powis, CEO at the Carbon Capture and Storage Association, said Viking CCS will keep Humber industries competitive, create jobs and drive economic growth.
Northern Gas Networks recently outlined which would connect industry to low-carbon hydrogen across the key Humber and Teesside industrial regions.
