Orlen and Equinor Agree to Develop Carbon Capture Projects
Published by Todd Bush on March 3, 2025
Orlen (PKN.WA) and Equinor (EQNR.OL) signed a memorandum of understanding (MoU) on Monday for the development of carbon capture and storage (CCS) projects.The documents were signed by Irene Rummelhoff, Executive Vice President at Equinor, and Wieslaw Prugar, Orlen Management Board Member in charge of upstream.
Under the memorandum, Orlen and Equinor will jointly identify potential carbon dioxide storage sites in Poland, considering both onshore areas and the Polish sector of the Baltic Sea, Orlen said in a statement.
"We hope we can jointly develop a CCS value chain," Rummelhoff told a news briefing in Warsaw, adding, "We believe there are geological formations suitable for carbon dioxide storage, and we eagerly await Polish regulations on CCS storage."
"We have a lot of potential in carbon dioxide storage. We could jointly work on the Norwegian Continental Shelf but also in Poland," said Prugar.
In its new strategy, Orlen has stated that it aims to reach the capacity to capture, transport, and store 4 million metric tons of carbon dioxide annually by 2035.
>> In Other News: Baker Hughes and Frontier Infrastructure Enter Carbon Capture Partnership
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Companies
Latest issues
-
$915 Million Says Carbon Removal Isn't Slowing Down
Inside This Issue 🌐 Frontier Secures $915 Million From Google, Anthropic and Tech Buyers to Scale Permanent Carbon Removal 🧪 IEA Cuts 2030 Clean Hydrogen Outlook by 40% as Investment Stalls 🦘 Aust...
-
Cow Manure → Jet Fuel? The World’s First Full Conversion Just Happened
Inside This Issue 🐄 Circularity Fuels Converts Raw Dairy Biogas to Jet Fuel in World First End-to-End Pilot 🌍 Puro.earth Hits Milestone With 1 Million Retired Carbon Removal Certificates 🍁 Alberta...
-
Google Just Bought 35m Gallons of Jet Fuel It Will Never Use
Inside This Issue ✈️ American Airlines and Google Sign Record 35M-Gallon SAF Deal 🛡️ Isometric Launches CORSIA Insurance RFP With Howden 🍁 TKMS, Heirloom Carbon Technologies and Thyssenkrupp Calv...
Company Announcements
-
Record removals signed: Climeworks Solutions has signed 14 new carbon removal deals in its strongest half-year to date, totaling approximately 450,000 tons of carbon dioxide removal (CDR) across a...
-
Honeywell to Power Sustainable Aviation Fuel and Renewable Diesel Production
Honeywell will provide modular processing technology and automation systems for Acelen Renewables’ biofuels facility in Brazil, supporting large-scale production of sustainable aviation fuel and re...
-
This is the first time in the world that fuel has been produced from certified soybeans without impacting land-use change under the international ISCC CORSIA PLUS protocol; the product has the pote...
-
JERA Co., Inc. (JERA), a global energy leader and Japan’s largest power generation company, today announced that it has entered into time charter agreements with NYK Bulkship (Asia) Pte. Ltd (“NYK”...