We expect to make final investment decisions in 2024.'Ĭarbon capture and storage projects aim to filter carbon emissions from industrial smokestacks before the planet-warming gases reach the atmosphere. When asked about the impact of the new permit deadline, a spokesperson for BP said: 'The decision by the Secretary of State to set a new deadline of no later than 14 September 2023 for deciding this application does not impact timescales for Final Investment Decisions on either the NZT Power or NEP projects.

On Tuesday, the Department for Energy Security and NZT said it would take until mid-September to make a decision on whether to grant permission for the gas-fired power station, postponing a previous May deadline. The British government chose BP's Net Zero Teesside (NZT) power plant among other projects in the region in March for the next phase of a government support programme to decarbonise industrial processes, prompting talks on commercial details. LONDON, May 9 (Reuters) - BP (BP.L) expects to make a final investment decision in 2024 on a cluster of carbon capture projects in northern England, including a gas-fired power plant in Teesside, it said on Tuesday.

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