BOC Group Ltd. and partners plan to build a carbon-capture and storage network in Teesside, northeast England, to siphon polluting emissions from industries in the area.
The Teesside Collective, comprising BOC, Sahaviriya Steel Industries U.K. Ltd., GrowHow and Lotte Chemical U.K. Ltd., aim to trap about a quarter of Teesside’s emissions and bury them under the North Sea, according to a plan published Wednesday. The network may operate by 2024, the group said in an e-mailed statement.
“For many industries, carbon capture and storage will be the only long-term way to cut carbon and stay competitive in a low-carbon economy,” Michelle Hubert, head of energy and climate change at the Confederation of British Industry, said in the statement.
The U.K. has a target to cut emissions 80 percent by 2050 from 1990 levels. The collective has initial funding from the government’s Department of Energy and Climate Change.