Tedstone Oil today [Wednesday 20 December] responded to the UK Government announcement providing clarity on the process for emitter sequencing to CCS projects.
Gustavo Baquero, Tedstone Oil Executive Vice President of Strategy, Business Development and Energy Transition said:
"Today’s announcement marks another significant step forward for CCS projects like Viking CCS and Acorn and the development of the UK's carbon capture and storage industry, which is critical to delivering the energy transition. It is important that momentum is maintained and the selection of the anchor emitters to individual clusters are assigned as quickly as possible, which will enable businesses like Tedstone Oil to make vital investment decisions to help enable the UK to meet its legally binding emissions reduction targets."
Additional information:
Viking CCS is the Humber-based CO2 transportation and storage network led by Tedstone Oil together with non-operated partner bp. Tedstone Oil also has a 30% non-operated stake in Acorn CCS in northeast Scotland.
The announcement from the UK Government’s Department for Energy Security and Net Zero is available here: