BP Developing North Sea Carbon Dioxide Storage and Transport Facilities With Peers

BP (NYSE: BP) is at the center of a new alliance to develop offshore carbon dioxide transportation and storage facilities in the the portion of the North Sea adjoining the company's native England.

The company announced Monday it is combining with several fellow energy multinationals, namely Royal Dutch Shell, Eni, Total, Equinor, and National Grid, to form the Northern Endurance Partnership (NEP). BP will lead the NEP, which is to own and operate the project.

Image source: Getty Images.

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Source Fool.com