Carbon Catalyst wins award to progress one billion tonne CO2 storage project


Carbon capture and storage (CCS) solutions company Carbon Catalyst Limited (CCL) has received a licence award for Perenco UK’s Poseidon CCS project – an initiative that aims to permanently store CO2 into the UK’s largest depleted gas field.

Announced today (14th August), the win will see CCL partnering with Perenco to store captured CO2 in the PUK-operated Leman gas field and other adjacent storage reservoirs within the carbon storage licence.

With an envisioned storage capacity of around one billion tonnes of CO2, Poseidon aims to connect a wide range of emitters across East Anglia, London and the wider Southeast of the UK via the Bacton Gas Terminal to the offshore Poseidon geological storage sites.

Set to begin operations by 2029, initial CO2 injection rates will be 1.5m tonnes per annum (Mtpa), increasing to 40 Mtpa over a 40-year period.

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