Aberdeen-based Pale Blue Dot Energy has been awarded a 12 month contract by Tees Valley Unlimited, a local enterprise partnership, to develop the business case for an industrial carbon capture and storage network on Teesside – including the site of the blast furnace at the Redcar steelworks.
Part of the UK-Government supported Tees Valley City Deal Programme, the project will be significant in taking industrial carbon capture and storage forward in the UK. The Tees Valley project, which is at an early stage, will, if developed, capture CO2 emissions from major industrial sources and transport the CO2 offshore for deep underground sequestration.
This initial phase of work will take place over the next 12 months. The contract award builds upon the significant carbon-capture track record that the Pale Blue Dot Energy team has developed already from working on many of the previous UK CCS projects.
Tees Valley Unlimited Project Manager Sarah Tennison said “We are pleased to be able to access the wide CCS experience offered by the Pale Blue Dot Energy team, and look forward to taking significant steps towards our objective of a low carbon industrial cluster on Teesside”.
Ian Phillips, Pale Blue Dot Project Manager, added: “Whilst Pale Blue Dot Energy has only been trading since August 2013, our team has been working on CCS power projects since 2007. We are delighted to be working on such a visionary initiative – decarbonising our industrial emissions is every bit as important as reducing emissions from power generation, and has been a much-neglected area in the low-carbon debate”.
Formally established in 2013, Pale Blue Dot Energy is a corporate development advisor to the ROG energy sectors (renewables, oil and gas) and delivers support in four key areas:-
- Strategy Development and Implementation
- Acquisition and Divestment
- New Markets and Product Positioning
- Project and New Business Development