Britain announced Friday it had granted 21 carbon storage permits, in a first licensing round for the still largely experimental technology that the government hopes will help reach net zero.
A total of 14 companies were awarded 21 licences to utilize depleted oil and gas reservoirs and saline aquifers which cover around 12,000 square kilometres, the North Sea Transition Authority said in a statement.
The agency regulates and influences the oil, gas and carbon storage industries.
The locations could store up to 30 million tonnes of carbon dioxide (CO2) per year by 2030. This amounts to approximately 10 per cent of UK annual emissions, which were 341.5 million tonnes in 2021.
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