Spirit Energy to convert gas fields into a world-class carbon storage cluster

01 Feb Spirit Energy to convert gas fields into a world-class carbon storage cluster

Spirit Energy, the joint venture energy company of Centrica plc and Stadtwerke München GmbH (SWM), has confirmed its plan to convert its depleted South Morecambe and North Morecambe gas fields and Barrow Terminals into a world-class carbon storage cluster.

If granted a licence by the North Sea Transition Authority and subject to other regulatory approvals, the project will support the UK’s Net Zero ambitions and is expected to support thousands of highly skilled green jobs in Cumbria and the North West, as well as jobs in Spirit Energy’s Aberdeen office. It will provide a multi-billion-pound investment in the local economy, promoting growth and further investment across the region.

The cluster will provide a carbon storage solution for the UK’s industrial heartlands and is set to be one of the biggest carbon storage and hydrogen production clusters in the UK. Under current projections, the project has the capacity to store up to one gigaton of CO₂ – which equates to roughly three years’ worth of UK CO₂ current emissions. This will enable emitters within carbon-intensive industries, including the North West, South Wales, and the Solent, to store their carbon emissions for the long-term.

Thanks to the location of the site near the Port of Barrow, the project will be able to accept CO₂ transported by ship.

Information Source: Read More

Energy Monitors | Electric Power | Natural Gas | Oil | Climate | Renewable | Wind | Transition | LPG | Solar | Electric | Biomass | Sustainability | Oil Price |