Corinth Pipeworks SA
Corinth Pipeworks SA
03/15/2024 | News release | Distributed by Public on 03/15/2024 02:40
Corinth Pipeworks selected contractor for NEP, CCUS project in the North Sea
Corinth Pipeworks has been selected as a contractor by Northern Endurance Partnership, for an offshore pipeline to transport and store millions of tons of carbon dioxide (CO2) emissions safely in the UK North Sea to an offshore geological storage site named the Endurance Store.
Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies, is the CO2 transportation and storage provider for the East Coast Cluster (ECC). The infrastructure will serve the Teesside-based carbon capture projects - NZT Power, H2Teesside and Teesside Hydrogen CO2 Capture. NEP aims to support the United Kingdom's Net Zero commitments by developing the world's first zero-carbon industrial hub by 2030.
Final contract award will be subject to receipt of regulatory clearances and final investment decisions (FID) being taken in September 2024 or earlier.
Carbon capture, utilization and storage (CCUS) is a critical sector in the quest for mitigating climate change and plays a pivotal role in reducing greenhouse gas emissions, offering a transitional solution while renewable energy sources are further developed. As nations strive to meet ambitious emission reduction targets, CCUS emerges as a key technology to address the environmental challenges associated with fossil fuel use, fostering a more sustainable future.
The global carbon capture, utilization and storage market is projected to scale significantly in the next years and is expected a 4-times increase by 2030. Market growth is attributed to increasing adoption of technology from various end-use industries including Oil & Gas and Power generation while governments globally are encouraging such initiatives to achieve the carbon emissions targets.
Corinth Pipeworks' General Manager, Ilias Bekiros, stated:" Innovative CCUS projects such as NEP will be vital, both to global energy producers and large industrial companies to achieve important sustainability targets. Corinth Pipeworks is committed to work alongside with our partners and other stakeholders to support this technically challenging offshore pipeline scope."
About Corinth Pipeworks
Corinth Pipeworks (CPW), steel pipe segment of Cenergy Holdings, is a leading steel pipe manufacturer for the global energy and construction sector. With projects executed in more than 50 countries worldwide, we develop valuable solutions, exceed our customers' expectations whether the application is a challenging offshore subsea flow line, a high criticality onshore gas transmission pipeline, transportation of 100% hydrogen at high pressures through large diameter/high strength steel pipelines, or a specialized structural steel requirement. All this by combining experience, on time delivery, innovation and investments in the latest technology. For more information about our company, please visit our website at www.cpw.gr
About bp
bp intends to invest up to £18 billion in the UK's energy system by the end of 2030, demonstrating bp's firm commitment to the UK, and helping the country to deliver on its bold ambitions to boost energy security and reach net zero. As one of the largest oil and gas producers in the UK, bp intends to continue investing in North Sea oil and gas, while driving down operational emissions. bp is also in action on a range of lower carbon energy investments in the UK, which are expected to bring jobs and develop new skills and capabilities. For more information, please visit: https://www.bp.com/en_gb/united-kingdom/home.html
About TotalEnergies
TotalEnergies is a global multi-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 energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. For more information, please visit https://totalenergies.com/
About Equinor
Equinor is an international energy company headquartered in Norway. For over 50 years of operations, Equinor is the largest supplier of energy to Europe, a world leading offshore operator and a pioneer in renewables and low carbon solutions. The company is committed to long term value creation in a low carbon future, with a purpose to turn natural resources to energy for people and progress for society. For more information, please visit: www.equinor.com
Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies, is the CO2 transportation and storage provider for the East Coast Cluster (ECC). The infrastructure will serve the Teesside-based carbon capture projects - NZT Power, H2Teesside and Teesside Hydrogen CO2 Capture. NEP aims to support the United Kingdom's Net Zero commitments by developing the world's first zero-carbon industrial hub by 2030.
Final contract award will be subject to receipt of regulatory clearances and final investment decisions (FID) being taken in September 2024 or earlier.
Carbon capture, utilization and storage (CCUS) is a critical sector in the quest for mitigating climate change and plays a pivotal role in reducing greenhouse gas emissions, offering a transitional solution while renewable energy sources are further developed. As nations strive to meet ambitious emission reduction targets, CCUS emerges as a key technology to address the environmental challenges associated with fossil fuel use, fostering a more sustainable future.
The global carbon capture, utilization and storage market is projected to scale significantly in the next years and is expected a 4-times increase by 2030. Market growth is attributed to increasing adoption of technology from various end-use industries including Oil & Gas and Power generation while governments globally are encouraging such initiatives to achieve the carbon emissions targets.
Corinth Pipeworks' General Manager, Ilias Bekiros, stated:" Innovative CCUS projects such as NEP will be vital, both to global energy producers and large industrial companies to achieve important sustainability targets. Corinth Pipeworks is committed to work alongside with our partners and other stakeholders to support this technically challenging offshore pipeline scope."
About Corinth Pipeworks
Corinth Pipeworks (CPW), steel pipe segment of Cenergy Holdings, is a leading steel pipe manufacturer for the global energy and construction sector. With projects executed in more than 50 countries worldwide, we develop valuable solutions, exceed our customers' expectations whether the application is a challenging offshore subsea flow line, a high criticality onshore gas transmission pipeline, transportation of 100% hydrogen at high pressures through large diameter/high strength steel pipelines, or a specialized structural steel requirement. All this by combining experience, on time delivery, innovation and investments in the latest technology. For more information about our company, please visit our website at www.cpw.gr
About bp
bp intends to invest up to £18 billion in the UK's energy system by the end of 2030, demonstrating bp's firm commitment to the UK, and helping the country to deliver on its bold ambitions to boost energy security and reach net zero. As one of the largest oil and gas producers in the UK, bp intends to continue investing in North Sea oil and gas, while driving down operational emissions. bp is also in action on a range of lower carbon energy investments in the UK, which are expected to bring jobs and develop new skills and capabilities. For more information, please visit: https://www.bp.com/en_gb/united-kingdom/home.html
About TotalEnergies
TotalEnergies is a global multi-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 energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people. For more information, please visit https://totalenergies.com/
About Equinor
Equinor is an international energy company headquartered in Norway. For over 50 years of operations, Equinor is the largest supplier of energy to Europe, a world leading offshore operator and a pioneer in renewables and low carbon solutions. The company is committed to long term value creation in a low carbon future, with a purpose to turn natural resources to energy for people and progress for society. For more information, please visit: www.equinor.com