Oil and gas firm Chrysaor is seeking permission to store carbon dioxide in a depleted southern North Sea gas reservoir.
Chrysaor, the UK Continental Shelf’s biggest oil and gas producer, said the move was in support of the V Net Zero project.
The initiative aims to store and transport CO2 from the Immingham cluster on Humberside.
The capture, compression and conditioning of the CO2 will be performed by the Humber Zero project, a coalition of industry partners including Vitol and Phillips 66.
Chrysaor has applied for a licence to store CO2 and will seek an agreement for a storage lease with the Crown Estate as part of the project.
Chief executive Phil Kirk said: “This application is a meaningful step for V Net Zero and our ambition towards delivering the UK’s first industrial scale carbon capture and storage project.
“We are delighted to work alongside a strong industrial coalition of leading energy companies and play a key part in the UK’s net zero journey.”
Chrysaor is also a partner in the Acorn CCS project at St Fergus gas terminal near Peterhead.