Sumitomo to Acquire Stake in UK's Orion Carbon Storage Project
The agreement, subject to regulatory approval, marks Summit Energy Evolution Limited's entry into the UK carbon storage sector.
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The agreement, subject to regulatory approval, marks Summit Energy Evolution Limited's entry into the UK carbon storage sector.
The Orion project encompasses two carbon storage licenses, CS017 and CS018, covering the decommissioned Amethyst and depleted West Sole gas fields operated by Perenco UK.
Sumitomo, through its wholly-owned SEE), has agreed to acquire 10% stake in Orion carbon capture and storage (CCS) licence.
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