Energy company Oilex has provided an update on the proposed Medway Hub carbon capture and storage (CCS) project which aims to decarbonise coastal combined cycle gas turbine (CCGT) power stations in the UK.
The company is currently awaiting a CCS license which will allow it to push ahead with the project, which – following capture – will involve the carbon dioxide (CO2) being transported from the power stations in liquid form by marine tanker to a floating injection, storage and offloading vessel (FISO).
The CO2 will then be injected into the Esmond and Forbes depleted gas fields located in the UK continental shelf for permanent storage.
With a pre-FEED (front end engineering design) study already having been completed, the project has been passed as technically viable. A full FEED study must be completed prior to a final investment decision.
Commenting on the project, Roland Wessel, CEO, Oilex, said, “The Medway Hub CCS project leverages the Oilex personnel’s extensive gas storage experience and represents an innovative and significant solution in helping to achieve the UK’s target of carbon net zero by 2050.”
Once operational the project aims to be a merchant scheme, through which emitters pay for the capture, transportation and storage of CO2 from CCGT power station emissions.