Climate Change

19 May 2023

20 Carbon Storage Licenses Offshore UK Offered to 12 Companies

19 May 2023  by   

The North Sea Transition Authority (NSTA) has offered 12 companies awards for 20 carbon storage licenses in the UK’s first-ever CO2 storage licensing round.

Source: NSTA

The NSTA launched the UK’s first-ever carbon storage licensing round in June 2022, with applications closing in September. The 20 licenses in total are around 12,000 square kilometers in size and are located near Aberdeen, Teesside, Liverpool, and Lincolnshire.

Once the new storage sites are in operation, they could store up to 30 million tonnes of CO2 per year by 2030, approximately 10 per cent of total UK annual emissions, which were 341.5 million tonnes in 2021.

First injection could come in as little as six years, the NSTA said.

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