UK Oil & Gas (UKOG) has raised £500,000 ($632,000) from investors to purchase land in East Yorkshire for a salt cavern hydrogen storage site.
UKOG has stated the project will be located at the UK’s “most extensive and thickest salt deposit and a key nationally strategic area for future hydrogen and existing natural gas storage.”
The farmland development area provides direct access to the North Sea for the brine necessary to dissolve the caverns and it will benefit from nearby material infrastructure projects, which will “greatly increase the likely probability of securing the necessary Development Consent Order (DCO).”
Furthermore, the salt cavern project will lie adjacent to the first construction phase of the National Gas’ Project Union hydrogen pipeline network and is situated near the East Coast hydrogen cluster.
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