2Co Energy

2Co Energy Limited, a newly formed energy company committed to radically reducing carbon emissions from fossil fuels, is backed by TPG, the global private investment firm. Based on its expertise in both Carbon Capture and Storage (CCS) and Enhanced Oil Recovery (EOR), 2Co Energy plans to provide carbon dioxide storage solutions for CCS projects seeking UK and EU funding. 2Co Energy will focus on storing the carbon dioxide permanently in oil fields where carbon dioxide can extend the productive life of the field, generate further tax revenue for the UK, sustain jobs in the North Sea and enhance the viability of a range of CCS projects. In order to ensure viable carbon dioxide storage solutions, 2Co Energy will invest not only in the North Sea but is also seeking opportunities to participate in carbon capture plants and infrastructure. This would provide 2Co Energy with a reliable supply of carbon dioxide to underpin its off-shore investments whilst freeing energy intensive industries, such as power generators, to focus on their core business and to do so with significantly reduced carbon footprints.