
CMS is advising on selected projects in the UK which are pioneering the changes ahead.
For example, one of the projects, the Northern Endurance Partnership (led by bp, Equinor and TotalEnergies), would service an immense industrial cluster collecting CO2 in Teesside, north-east England. The project involves the legal challenges of designing bespoke revenue stream arrangements for the offshore storage, transport infrastructure and the connections for the emitters such as the anchor facilities for power generation and capture, along with the hydrogen producers. This means CMS is also well versed in the innovative incentivisation mechanics for the CO2 capture and hydrogen producing entities forming this cluster.
Alongside this, a whole new regulatory, industry, legislative and contracting/commercial framework is being developed, driving on precedents from a large number of parallel sectors.
CMS also advises on the exciting Northern Lights project in Norway which is pioneering the cross- border shipments of CO2, thus creating a whole new industry in the North Sea basin. This project seeks to create flexibility in how captured CO2 can be stored in the places that have the best ability to offer this service, and is thereby helping the formation and shape of a new global industry in the international shipping of CO2.
CMS advises on the exciting Northern Lights project in Norway which is pioneering the cross-border shipments of CO2.