Published by Todd Bush on May 4, 2026
Aker Solutions, Knutsen NYK Carbon Carriers AS (KNCC) and Vår Energi CCS AS, operator for Trudvang CCS ANS have signed a Memorandum of Understanding (MoU) to jointly advance the development of an integrated CO₂ transportation and storage value chain on the Norwegian Continental Shelf.
Trudvang unmanned wellhead platform with carrier
The partnership combines the strengths of three industry leaders, spanning offshore engineering, CO₂ storage development and operations, and marine transportation. The MoU reflects a shared ambition to strengthen the Trudvang CO₂ transportation and storage project and establish robust, flexible, and commercially attractive CO₂ transport and storage solutions for European industrial customers.
The Trudvang project offers flexible transport and storage services for customers. By combining KNCC’s specialized CO₂ carriers, equipped with dynamic positioning systems, with Aker Solutions’ techno-economic expertise, simplified and standardized technical solutions, and proven CCS EPC capabilities, the project supports the design of an unmanned CO₂ injection platform and enables direct offshore batch injection.
>> In Other News: PHINIA To Showcase Hydrogen Combustion Innovation At ACT Expo 2026, Including First Homologated H2ICE LCV
The concept is designed for scalability and replicability enabling initial injection volumes of approximately 2 million tonnes per annum (Mtpa), with the potential to scale to more than 20 Mtpa.
Trudvang will inject CO₂ into the Utsira Formation, a proven world-class CO₂ storage site. The project benefits from operational experience in the nearby Sleipner field, where CO₂ has been successfully stored in the Utsira aquifer for nearly 30 years. This track record reinforces the Trudvang as a reliable and scalable pathway for long-term industrial decarbonization.
Under the MoU, the parties will work together to optimize the technical and commercial framework for the project, focusing on:
Aker Solutions delivers integrated solutions, products and services to the global energy industry. In CCS, the company has been designing and delivering successful CO₂ projects since the 1990s, including flagship developments such as Northern Lights, Brevik CCS and Oslo CCS. With strong engineering, procurement, construction and commissioning capabilities, Aker Solutions acts as a turnkey supplier, delivering industrial-scale solutions across the globe.
Trudvang is the company which holds the EXL007 CO₂ licence, on the Norwegian Continental Shelf, as awarded by the Norwegian Ministry of Energy in September 2023. Trudvang is at the date of this MoU owned by Vår Energi CCS AS with 40% equity, INPEX Idemitsu Norge AS with 30% equity and Storegga Norge AS with 30% equity.
KNCC is a joint venture established by Knutsen Group and NYK Line. KNCC serves as the designated gateway for developing and executing LCO₂ marine transportation business on behalf of both owners. In addition to offering medium pressure and low-pressure transportation options, KNCC owns proprietary technology for handling liquefied CO₂ at ambient temperature and elevated pressure. KNCC owners’ together own and operate the largest shuttle tanker fleet primarily operating in the North Sea.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ✈️ Delta and Shell Ink 5-Year SAF Deal Across 5 US Hubs 🌲 Plumas County Receives Top Bioenergy Rating, Opening Door for Biomass Investment 📜 Rep. Kiley Introduces Bill to Incenti...
Inside This Issue 🔋 Why $1.7B Is Betting on Fuel Cells Over Nuclear for AI 🍁 Air Canada and Airbus Launch Joint Initiative to Scale Domestic Canadian SAF and Help Reduce the Life-Cycle Emissions o...
Inside This Issue 🍁 Alberta Cuts Carbon Costs to Fast-Track Pathways CCS 🏛️ EU Unveils Sweeping ETS Overhaul With €100 Billion Industrial Decarbonisation Bank 🌱 Consultation: Major Revision to Bio...
Acquisition of additional permits covering 660,263 acres or 2,672 sq. km, including the Aurora Project adjoining Lawson and striking southeast toward Moose Jaw, enhances Natural Hydrogen commercial...
Climeworks Solutions Launches Compliance-Ready Carbon Removal Offering As Policy Advances
Expanded offering helps organizations source carbon removal portfolios aligned with evolving compliance frameworks including CORSIA, Article 6.2 mechanisms, and the EU Carbon Removal and Carbon Far...
Three QIMC field crews now active on the ground conducting soil-gas sampling to densify hydrogen anomalies and ground magnetic surveying along the Cobequid-Chedabucto Fault Zone QIMC's record DDH-...
Sustainable aviation fuel (SAF) could become a major driver of Canada's industrial and economic growth, while contributing to the global aerospace industry's aspirational goal to achieve 'net-zero ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.