bp and its project partners have reached a final investment decision (FID) for two of its carbon capture and storage projects in Teesside, although no financial update has been issued on the associated blue hydrogen project.
Together with Equinor and TotalEnergies, bp reached the financial close for the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power), which are set to play a pivotal role in the hydrogen network of the East Coast Cluster (ECC).
However, the 1.2GW blue hydrogen project H2Teesside, which will use NEP to store CO2, has not reached FID yet, and it will instead enter into a six-month examination period.
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