Carbon Catalyst receives licence award for its Poseidon Carbon Capture and Storage
(CCS) project
Carbon Catalyst Limited (CCL) acknowledges Perenco UK’s (PUK) announcement issued earlier
today (and reproduced overleaf) regarding its award of a carbon storage licence by the North
Sea Transition Authority (NSTA) to progress the Poseidon carbon storage project in the
Southern North Sea sector of the UK Continental Shelf. CCL is delighted to be partnering with
PUK on this potentially world-class mass decarbonisation project.
Poseidon envisions the permanent geological storage of approximately one billion tonnes of
carbon dioxide (CO2) into the UK’s largest depleted gas field, the PUK-operated Leman gas
field, and other adjacent storage reservoirs within the carbon storage licence. The project is
scheduled to be operational by 2029, with initial CO2 injection rates of 1.5 million tonnes per
annum (Mtpa), increasing to 40 Mtpa over a 40-year period. Poseidon will connect a wide
range of CO2 emitters across East Anglia, London, and the wider Southeast of the UK via the
PUK-operated Bacton Gas Terminal to the offshore Poseidon geological storage sites.
Henry Morris, Executive Director at Carbon Catalyst, commented:
“Poseidon has the potential to make a very material contribution to the decarbonisation of the
UK economy by storing up to 40 million tonnes of CO2 per year into the giant depleted Leman
gas field and overlying aquifer system. CCL is looking forward to supporting Perenco as they
progress through the appraisal period towards final investment decision, with the ultimate
goal of achieving first CO2 injection by 2029.”
Licence award for Perenco’s Poseidon Carbon Capture and Storage (CCS) project
Major milestone in project with potential to significantly decarbonise E & SE England
On completion of the North Sea Transition Authority’s (NSTA’s) first competitive Carbon
Storage licence round, Perenco UK and partner Carbon Catalyst Ltd (CCL) are pleased to
announce that they have been awarded a licence to progress the Poseidon carbon capture
and storage (CCS) project encompassing the Leman gas fields. Leman is one of the largest
geological structures in the Southern North Sea sector of the UK Continental Shelf (UKCS) and
offers a mixture of depleted gas reservoirs and saline aquifers in which to permanently store
recovered CO2.
Leman is connected via pipeline to the PUK Bacton Terminal, which will receive and process
CO2 from various onshore sources and send offshore to inject into reservoir rocks for
permanent geological storage.
The project, which has the potential to significantly decarbonise both the East and Southeast
of England, is due to come online by 2029. Initial CO2 injection rates will be circa 1.5 million
tonnes per annum (Mtpa), ramping up to 40 Mtpa, over a 40-year period.
The project will immediately move into further detailed appraisal of the storage sites and
commence work, with our mid-stream and up-stream partners, to bring the selected concept
to an on-time and on-budget delivery.
The award of CCS licenses in the UK with Perenco as operator is an exciting milestone,
formalising the start of a new strategic division within the Perenco Group. Based in its London
head office, the new Perenco CCS Department is building a team of diverse competencies
with the goal to assess and deliver these and other opportunities for carbon storage projects
in the UK and internationally.
Jo White, General Manager Perenco UK, commented:
“This is a fantastic opportunity to leverage Perenco UK’s deep experience of gas operations by developing a project that will help
to support the UK’s energy transition, generate highly skilled jobs locally and nationally, and
actively facilitate the government’s NetZero targets. We look forward to working with all
stakeholders to deliver this strategic project.”