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Co-investment

CO₂DeepStore Ltd is specifically focussed on the commercialisation of carbon capture and storage. The need for this is based on the growing global imperative for immediate and sustained reduction of CO₂ emissions to support the mitigation of climate change.

The primary focus of the business is to reduce CO₂ emissions through cost effective, safe and long term capture, transport and sequestration of industrial volumes of anthropogenic CO₂. CO₂Deepstore is a co-investor in the development of integrated capture plant, major pipeline infrastructure and deep geological CO₂ storage.

CO₂DeepStore has the capability to manage the front end engineering design and detailed design of our capture, transport and storage project developments and create funding partnerships to enable project implementation. We will manage project construction and implementation in conjunction with our sub contract partners.

Involvement in CCS is part of Petrofac’s diversification into the low carbon energy sector. Development and operation of CCS facilities represents considerable synergy with Petrofac’s oil & gas business.

As part of this focus, CO₂DeepStore continues to seek opportunities for co-investment in;

The effective capture of CO₂ at major emission sites (power stations,cement works, steel plants etc)
The development and operation of the necessary infrastructure to transport CO₂ from the point of capture to the carbon dioxide storage reservoir
The development and operation of deep geological carbon dioxide storage reservoirs

CO₂DeepStore will also work with the existing owners of suitable assets to enable optimised transition of assets into CCS service, in order to create value for all parties.

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