National Grid completed test drilling in the North Sea as part of a carbon capture and storage (CCS) test project. The firm said early indications are that the undersea site, 40 miles off the Yorkshire coast, is viable for storing carbon dioxide and could hold 200 million tons.
The site is close to a number of power plants, oil refineries and industrial plants in the Humber region, which together account for about a tenth of the U.K.’s carbon dioxide emissions.
National Grid said it would use its expertise in developing gas pipelines to create a network to transport carbon dioxide to a storage site.
Last year, two Scottish bids were among four in the U.K. shortlisted for phase two of a $1.5 billion carbon capture and storage competition.
The Grangemouth bid, called the Captain Clean Energy Project, proposed a new system with storage in offshore depleted gas fields. In Peterhead, a proposal was made for a retrofitted post-combustion capture system as part of the existing power station.
The U.K. government selected the Peterhead project and Yorkshire-based White Rose Project to share the $1.5 billion of European funding.