Led by Harbor Energy with the support of bp, Viking CCS is a Humber-based project developing a system for the transport and storage of CO2 in a safe offshore location. Working with emissions capture and infrastructure owners-related organisations, the project will establish a network for CO2 capture, transport and storage that aims to reduce UK emissions by 10 million tonnes per year from 2030, to a maximum of 15 million tonnes by 2035.
Foresight Events sat down with Adam Newton, Senior Vice President of Government and External Affairs at Harbor Energy, to share the latest CCS projects and Advance updates on the Foresight NetZero Live 2023 conference, the presentation and discussion will be held in June 2023 at the DoubleTree by Hilton Hotel, Hull, UK on the 28th and 29th.
Newton championed the ability of CCS to “accelerate the decarbonisation of hard to abate sectors like refining, and critical industries like cement and steel, as well as play an important role in providing a firm, non-weather dependent reliable source of low-carbon supply to the UK electrical system through gas-fired power generation with CCS.”
The Senior Vice President for Government and External Affairs expressed the pivotal role that Viking CCS can play in decarbonising industry while advancing investment in the area, sharing how the new venture “could help to transform the Humber into the centre of the UK’s net zero economy.”
Highlighting economic benefits, Newton added “The project could unlock up to £7 billion of investment across the full CO2 capture, transport and storage value chain from 2025 to 2035” and holds the ability to “support the development of new critical infrastructure and low-carbon industries, which when developed provide a route to an estimated £4 billion of gross value add (GVA) and requiring up to 10,000 new jobs during the peak of construction.”
Relevant: Shell To Supply Humber Zero Hub With Carbon Capture Technology
Touching on further industry investment the project can bring, Newton stated “Viking CCS will equip the Humber with high-capacity, reliable low-carbon infrastructure to promote inward investment and attract new industries to the area – a prime example of this is RWE examining options to build a new gas-fired power station on the South Humber Bank.”
Foresight NetZero Live 2023 will be an opportunity to hear more about the role of CCS and the decarbonisation across power, refining, steel and cement. Alongside hearing more from Harbour Energy highlighting the Viking CCS Project and its positive impacts.
With increasing investment in CCS technology, the UK can be seen as a leader in championing new CCS developments to reach NetZero. Not only does the technology have the power to provide clean energy and help hit NetZero targets, but the economic benefits also the UK will see through all stages of development are unrivalled.
Read more: RWE, Harbour Energy To Explore Carbon Capture At UK Power Sites
