UK Morecambe CCS project advances to assess phase for offshore CO2 storage | carboncredit.io
worldoil.comSpirit Energy's Morecambe Net Zero (MNZ) Peak Cluster CCS project has cleared a key regulatory milestone. The UK North Sea Transition Authority approved the project's move into the Assess Phase of its carbon storage license. This allows the company to continue planning for large-scale CO2 sequestration in the depleted North and South Morecambe fields in the East Irish Sea. The project targets emissions from four cement and lime plants in Derbyshire and Staffordshire, aiming to store up to 3 million tonnes of CO2 annually. Technical work including a 500 sq km 3D seismic survey confirmed the fields could hold about 1 billion tonnes of CO2. Spirit Energy says the development could contribute around 1.8 billion pounds to the UK economy by 2050 and support over 13,000 jobs. This milestone shows how depleted offshore gas fields can be repurposed for carbon storage. The project still needs to pass further regulatory stages and secure final investment decisions before construction can begin. The timeline depends on the end of gas production at the fields later this decade.
