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EMISSIONS: Saipem Receives Final Award for UK CCS Projects

EMISSIONS

Italy’s Saipem has received the final award for the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT) for the development of offshore facilities for the transportation and storage of CO2 in the UK, it said. 

  • The final award follows the completion of the regulatory clearances and positive FID taken by the clients and the UK government.
  • Earlier this week, Equinor and project partners have agreed on the FID and financing for the NEP and NZT Power projects.
  • The NEP project is scheduled to start construction from mid-2025 to be operational in 2028.

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