Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
BP has acquired a 40 per cent stake in the UK's Viking CCS project from
Harbour Energy as the government looks to accelerate plans to develop carbon capture and storage.
The Viking project aims to meet up to a third of the UK's annual target of capturing 30mn tones of carbon dioxide by 2030 by repurposing old gasfields off the Humber coast. BP's own CO, emissions in its upstream oil and gas production totalled 307mn tonnes in 2022. There are also plans to ship in additional CO, emissions through the port of Immingham.
BP will absorb 40 per cent of the total costs, said a person familiar with the matter, although terms of the deal were not disclosed.