Market Leads & Opportunities
North East carbon capture project to create 5,500 jobs
Plans to build the UK’s first carbon capture industrial complex at Redcar on Teeside will create an estimated 5,500 jobs during construction.The importance of the green project to the North East emerged as the scheme entered a second phase consultation ahead of engineering consultant Aecom submitting for development consent early next year.The project, spearheaded by client BP and its partners, is set to boost the North East economy by around £450m per year during the build phase.A four-year construction phase will commence shortly after development consent is granted in the third quarter of 2022.Before that extensive above and below ground demolition works will be required at the former steelworks site.Net Zero Teesside (NTZ) aims to decarbonise a group of carbon-intensive Teesside industries as early as 2030.It will have the potential to capture up to 10m tonnes of carbon dioxide emissions per year, the equivalent to the annual energy use of up to three million homes.NZT will be built on regenerated former steelworks land in Redcar.The first-of-its-kind construction project involves both onshore and offshore work, with a new gas-fired power station, incorporating the latest carbon capture technology.CO? from the power station and local industries will be captured, gathered through a CO? pipeline network, compressed and transported for permanent storage at a suitable offshore geological site under the North Sea.
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