UK shortlists bp, Equinor low-carbon gas power project for support

(Reuters) - Britain shortlisted for state support a project by bp and Equinor to build a large-scale gas power plant with carbon capture and storage (CCS), the government's latest selection round showed on Thursday.

The British government has shortlisted a total of eight projects that it said could help reduce the country's carbon dioxide emissions and kickstart a hydrogen-based economy.

The Net Zero Teesside Power (NZT), a joint venture between bp and Equinor, aims to build a gas power plant with 860 megawatt (MW) capacity that could provide low-carbon power to around 1.3 million homes.

Most of the carbon dioxide emissions will be captured and stored under the seabed in the North Sea, making the plant a first-of-a-kind, the partners have said.

Two supplier consortia - one led by Technip Energies and another led by Aker Solutions - are vying to supply the carbon capture technology and to build the plant.

bp and Equinor plan to make the final investment decision in 2023.

Equinor's other project, H2H Saltend, to build a gas-to-hydrogen plant with carbon capture at Saltend Chemicals Park near the city of Hull, was not shortlisted.

Equinor did not immediately respond to a request for comment.

The British government said the list was not final and could be expanded later by adding new projects as they become more viable.

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