Veolia is set to recycle 98% of the materials it recovers from a North Sea energy project.
The company is working in partnership with offshore engineering firm Peterson to decommission and recover BP’s subsea equipment at the Schiehallion and Loyal fields west of the Shetland Isles.
Some 11,500 tonnes of materials will be recycled at Veolia’s decommissioning facility in Lerwick, mainly flexible pipelines, structures and mooring systems.
The project will take 14 months to complete and the partnership intends to recycle up to 98% of the materials.
Veolia Environmental Services executive director David Lusher said: “The UK North Sea decommissioning market offers considerable opportunities and we estimate that is worth around £1bn a year. We are delighted to be extending our decommissioning capabilities for BP to help them recycle this valuable resource.”