The Redcar Blast Furnace and its associated structures, such as the Sinter Plant and Stock Houses, occupied the area of the Teesworks site now earmarked for the bp-led Net Zero Teesside project.

The multi-billion-pound scheme – being delivered by a collection of industrial, power and hydrogen businesses – will be the UK’s first fully integrated gas-fired power and carbon capture, utilisation and storage (CCUS) project. NZT Power’s combined cycle gas turbine electricity station will produce enough electricity to power up to 1.3million homes per year.

As part of the Northern Endurance Partnership’s East Coast Cluster, it will also drive the establishment of the UK’s first net zero carbon industrial cluster in the UK by 2040. It will do this by capturing ten million tonnes of carbon dioxide emissions per year – the equivalent of three million homes – from industrial CO2 sources, transporting them through a network of pipes to be stored deep underground under the North Sea.

The scheme aims to be up and running within the next five years and could create 5,500 direct jobs and add £450million to the economy each year.