REG-TotalEnergies SE Northern Endurance Partnership Launches the First CCS Project in the UK With the Participation of TotalEnergies

TotalEnergies SEAnnouncement

10/12/2024 15:15

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Northern Endurance Partnership Launches the First CCS Project in the UK With
the Participation of TotalEnergies

 

Northern Endurance Partnership (NEP) announced today financial close, allowing
to proceed with the execution of the first CCS project in the UK. NEP, in
which TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) holds a 10% shareholding
interest, will permanently store up to an initial 4 million tonnes of CO(2)
per year.

The NEP infrastructure will initially serve three carbon capture projects in
the Teesside region (NZT Power, H2Teesside and Teesside Hydrogen CO(2
)Capture). Infrastructure includes an onshore CO(2) gathering network,
compression facilities and a 145 km offshore pipeline connected to subsea
injection facilities in the Endurance saline aquifer located around 1,000m
below the seabed.

Construction is expected to start from mid-2025 with first CO(2) storage
expected in 2028.

Arnaud Le Foll, Senior Vice President New Business – Carbon Neutrality,
TotalEnergies, said: “We are very pleased to be a part of this significant
moment in the development of the UK’s CCS industry. NEP is a frontrunner
project and we look forward to transporting and permanently storing CO(2) from
one of the UK’s largest industrial regions. Our stake in NEP contributes to
TotalEnergies’ objective to develop significant CO(2) storage capacities in
the North Sea, where we can leverage our expertise in operations and
geosciences.”

Chris Daykin, Director, Northern Endurance Partnership, said: “This is a
landmark moment in the development of CCUS infrastructure and the UK’s
ambition to reach net zero emissions by 2050. With joint backing from
shareholders and the UK Government, Northern Endurance Partnership is entering
its execution phase ahead of start-up expected in 2028.”

Ed Miliband, Secretary of State for Energy Security and Net Zero, said:
“This investment launches a new era for clean energy in Britain - boosting
energy security, backing industries, and supporting thousands of highly
skilled jobs in Teesside and the North East. This is the Government’s
mission to make the UK a clean energy superpower in action- replacing
Britain’s energy insecurity with homegrown clean power that rebuilds the
strength of our industrial heartlands.”

***

About Northern Endurance Partnership (NEP)

NEP is the CO(2) transportation and storage provider for the East Coast
Cluster (ECC). The NEP infrastructure will initially serve the Teesside-based
carbon capture projects – NZT Power, H2Teesside and Teesside Hydrogen CO2
Capture – that were selected for first connection to NEP by Department of
Energy Security and Net Zero (DESNZ) in March 2023 as part of the UK’s
cluster sequencing process for carbon capture usage and storage (CCUS).

NEP has been granted the first Carbon Dioxide Transport and Storage Licence in
the UK under the Transportation and storage Regulatory Investment (TRI) regime
– a regulatory regime that unlocks private investment in long-term
infrastructure by providing incentives and protections in developing a nascent
CCUS market in the UK.

NEP has also been granted a CO(2) Storage Permit by the North Sea Transition
Authority which will enable CO(2) injection and storage to commence when the
infrastructure is complete.

bp (45%), Equinor (45%), and TotalEnergies (10%) are NEP shareholders.

About TotalEnergies and Carbon Storage

TotalEnergies’ focus is first to avoid emissions and then to reduce them by
developing and deploying a systematic approach, asset-by-asset, to implement
the best available technologies. For residual emissions, the Company is
developing industrial projects for carbon storage. Backed by core competencies
in large-scale project management, gas processing and geosciences,
TotalEnergies is on track to enable significant decarbonization of
hard-to-abate industrial businesses through projects such as Northern Lights
in Norway, Norther Endurance Partnership in the UK, Bayou-Bend in the US,
Aramis in the Netherlands and Bifrost in Denmark.

About TotalEnergies in the United Kingdom

TotalEnergies has been present in the UK for more than 60 years, employing
more than 1,800 people across the energy value chain. As one of the
country’s leading oil and gas operators, the Company operates around 30% of
the UK Continental Shelf’s gas production, with average daily production of
142,000 barrels of oil equivalent per day (boe/d) in 2023 in company share.

TotalEnergies is deploying its Integrated Power strategy in the UK, which
combines renewable power production and flexible power generation capacities.
Its renewable portfolio in the county includes 1.1 GW of gross installed
capacity (Seagreen offshore wind farm) and 4.5 GW under development. It was
complemented in 2024 by the acquisition of gas-fired power plants (CCGT) with
total output of 1.3 GW.

The Company is one of the UK’s largest suppliers of gas and electricity to
businesses and the public sector. TotalEnergies also offers EV charging
solutions and markets petroleum products including lubricants, aviation fuel,
bitumen and specialty fluids.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

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Cautionary Note 

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nor any of its subsidiaries assumes any obligation to update publicly any
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TotalEnergies’ financial results or activities is provided in the most
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is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
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