Major energy intensive industrial plants located in Teesside will today (Wednesday 21 January 2015) set out their vision of transforming the area into Europe’s first CCS equipped industrial zone.
Pale Blue Dot, Amec Foster Wheeler plc and Societe Générale have already been appointed to support the development of this work. Pale Blue Dot are supporting the development of the business case for the project, building on a significant CCS track record. Amec Foster Wheeler has been undertaking engineering design and cost estimating for this project. Societe Générale will provide expert advice to ensure that the project is financially viable and competitive.
At a launch event co-hosted in the House of Commons with the CCS Association, the cluster of leading North East employers will introduce their project name – “Teesside Collective” – and outline the initial positive findings of engineering work undertaken by Amec Foster Wheeler.
Teesside Collective has initial funding from the Department of Energy and Climate Change and is ahead of rival industrial areas elsewhere in the UK and on the Continent. It is seen by the CBI as “a shot in the arm to British industry’s long term future” and by Sir David King as “in the right place, at the right time, to get ahead of the curve”.
Tees Valley Unlimited, the Local Enterprise Partnership, has been awarded £1 million funding by the UK Department of Energy and Climate Change to develop a business case for deploying industrial CCS in the Teesside cluster and to make recommendations for a funding mechanism. This will be complete by summer 2015.
CCS is a proven technology that can capture, transport and permanently store up to 90% of the CO₂ emissions produced by burning fossil fuels, preventing them from entering the atmosphere.
To date, the focus in the UK has been on demonstrating and commercialising CCS on electricity generation. Teesside Collective is an important departure. It is built on the premise that a range of industries would be able to capture their emissions, plug them into a shared pipeline network, and send them for permanent storage under the North Sea.
Four energy intensive plants are involved as ‘anchor projects’ in current concept phase – BOC, Lotte Chemical UK, SSI UK and GrowHow.
The application of CCS to operations in Teesside could have far reaching benefits in terms of maintaining a strong UK industrial base at the same time as making the significant cuts in emissions required to cut carbon emissions by 80% by 2050.
There will also be a Knowledge Transfer Session next week.
Notes for editors:
Speakers at today’s launch will include Stephen Catchpole (Managing Director, Tees Valley Unlimited), Luke Warren (Chief Executive, CCS Association), Dr David Lockyer (Tonnage Account Manager, BOC), Dan Osgood (Director, Department of Energy and Climate Change) and Jade Rickman (Policy Adviser, CBI).
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