Equinor, alongside project partners, has announced financial close after taking a Final Investment Decision (FID) to progress to execution phase on two of the UK’s first carbon capture and storage (CCS) projects in Teesside, the Northern Endurance Partnership and Net Zero Teesside Power.

Equinor and Captura announced a partnership to develop industrial scale solutions to remove CO2 from the ocean. The partnership will begin with a pilot plant in Norway that removes 1,000 tons of excess CO2 from the ocean annually.

Equinor has acquired a 25 percent interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas.