A £300 million carbon capture project has been launched by Prax Lindsey Oil Refinery.
The huge investment, to take one million tonnes of carbon dioxide from the plant a year from 2028, was unveiled to a strong delegation from regional industry. It will involve a major infrastructure addition to the 55-year-old site, creating 2,000 temporary jobs, with significant supply chain opportunities.
Linking with the pipelines from similar plans being progressed from neighbouring Phillips 66 and VPI Immingham, and feeding into the wider South Bank model for transportation to sub-North Sea storage, it has been worked up by the team since the ink dried on the deal that saw the refinery bought from Total in March 2021.
