Laytrix Awarded Funding for Carbon Capture & Storage Project by Tees Valley Mayor and Combined Authority
Teesside based Laytrix Ltd, a business developing innovative solutions for the offshore sector is delighted to announce a recent funding award for a Front End Engineering Design (FEED) study to investigate the feasibility of using its innovative pipelay concept for carbon capture and storage (CCS) projects.
The adaptable and modular system is focused on the use of cost-effective vessels of opportunity resulting in significant savings for the end client.
The award, made by the Tees Valley Mayor and Combined Authority under their Collaborative Networks Fund will see Laytrix partner with Darlington based design house Ardmore Craig and an international partner alongside the wider Teesside supply chain to adapt its existing design for CCS projects such as the Net Zero Teesside development.
Welcoming Tees Valley Mayor Ben Houchen to its engineering office to view progress on the project and update on other business developments, Laytrix CEO Andy Stevenson thanked the Mayor and Combined Authority for their backing and added “that Laytrix was developing adaptions of its products for multiple markets including CCS and was now starting to see traction with interest from international companies involved in a number of sectors who were focussed on reducing their project costs.”
Tees Valley Mayor Ben Houchen said: “As we work to make Teesside, Darlington and Hartlepool a pioneer in clean energy projects, including our massive potential for carbon capture, utilisation and storage, we need to put innovation at the heart of everything that we do as part of my plan to create good quality local jobs for local people.
“Laytrix has a track record of thinking outside the box and developing new and exciting ways of working for the offshore sector. This study will help it to go further and support our ambitions and, when we see the outcomes of the work, could strengthen our already impressive offshore supply chain.
“It was fantastic to see Laytrix’s project first-hand and discuss the implications that this funding could bring.”