LONDON – Chrysaor has submitted an application for a CO2 storage license in a depleted gas reservoir in the UK southern North Sea.
In parallel, the company will seek agreement for a Storage Lease with the UK’s Crown Estate.
Both applications are in support of the V Net Zero Project, the aim of which is to store and transport CO2 from the Immingham cluster on Humberside on the English east coast.
The Humber Zero project, a coalition of companies including Vitol and Phillips 66, will capture, compress, and condition the CO2.
Chrysaor described the project as ‘critical to delivering low carbon infrastructure on Humberside, the UK’s most carbon-intensive industrial region.’