Today, BP and Equinor have announced a £4BN investment in the Net Zero Teesside power station with carbon capture and storage, marking a significant step towards clean energy and carbon neutrality. This project, part of the wider industrial cluster initiative, aims to create 4,000 construction jobs and 1,000 operational jobs, with Liberty Steel in Hartlepool winning a big contract. It represents the largest investment in Teesside since the era of ICI, signaling a major milestone in the region's economic development and environmental efforts. Additionally, underwater gas fields off Cumbria are being explored for their potential to store millions of tonnes of carbon dioxide, further contributing to the UK's carbon capture and storage capabilities.
The biggest investment in Teesside since ICI 💪 💷 £4BN OF CONTRACTS AWARDED 🏗 4,000 CONSTRUCTION JOBS 👷♂️ 1,000 OPERATIONAL JOBS 💪 BIG CONTRACT WIN FOR LIBERTY STEEL IN HARTLEPOOL Jobs and investment is exactly what Teesworks is meant to deliver and our plan is working https://t.co/eea3QeD4T2
It's great news that carbon capture & storage projects will be getting underway along the East Coast @EastCluster @NetZeroTeesside Back in 2022, we published a report looking at how net zero projects like this can revitalise our industrial heartlands 👇 https://t.co/ZId9HTgZ8f
Today bp and Equinor announce a £4bn investment in clean energy as part of the @NetZeroTeesside project - the biggest investment on Teesside since ICI https://t.co/WHPqfJkOFJ
'This would be the single biggest investment in Teesside since ICI' https://t.co/Eov6Mh0rdU
**Fantastic news** Huge congratulations to Net Zero Teesside Power and the Northern Endurance Partnership for having reached this major milestone of concluding the arduous tendering and procurement processes and selecting the contractors for this vitally important project. 1/5
This is what both levelling up AND a clean energy revolution looks like: https://t.co/D2MKJvya4H #Teesworks
🍃£4️⃣ BILLION investment at #Teesworks 💥 Today, BP and Equinor start the process of awarding contracts for the new Net Zero Teesside power station with carbon capture and storage, which will support our wider industrial cluster. @BenHouchen explains more ⬇️ https://t.co/i2KA9co4sZ
Underwater gas fields off Cumbria are to be mapped for their potential to store millions of tonnes of carbon dioxide produced by industry https://t.co/sPGtfiBmN9