OSLO, Aug 25 (Reuters) - The first volumes of carbon dioxide (CO2) have been injected and stored as part of Norway's Northern Lights carbon capture and storage (CCS) project, marking the start of operations, owners Shell, Equinor and TotalEnergies said on Monday.
The CO2 is being stored in a reservoir 2,600 meters (8,530 ft) below the seabed, marking a major milestone for CCS, the companies said.
>> In Other News: Greenlines’ Mobility Carbon Engine (MCE™) Debuts in Moovit’s Mobility App, Unlocking Carbon Markets
"This demonstrates the viability of carbon capture, transport and storage as a scalable industry," said Anders Opedal, CEO of Equinor.
The facility is part of Norway's heavily subsidised Longship carbon capture and storage project aimed at commercialising CCS as a way to reduce CO2 emissions, especially for sectors that rely on fossil fuel input and are hard to decarbonise.
The CO2 now stored was shipped from the Brevik cement factory operated by Heidelberg Materials in southern Norway, and first offloaded into onshore tanks, before being sent through a 100-kilometer (62 miles) pipeline to the storage reservoir.
The commenced injection completes phase 1 of the Northern Lights development, which can inject 37.5 million metric tons of CO2 over a 25-year period, or 1.5 million tons per year, and is fully booked.
The partners also committed to invest 7.5 billion crowns ($743.93 million) into a second phase, which targets an additional 3.5 million tons a year.
($1 = 10.0816 Norwegian crowns)
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ✅ Verra's CCS Credits Just Got the Integrity Seal Buyers Want 💰 South Korea Unveils $747 Billion Energy Transition Plan Through 2035 💧 Hydrogen and Carbon Capture and Storage in ...
Inside This Issue 🌲 ARC Bio Tests a Refinery Shortcut to Forest-Based SAF 💧 Scientists Just Found a New Way to Make Hydrogen from Water 🤝 How Channel Partnerships Are Helping More Organizations Ta...
Inside This Issue 🏦 How Carbon Removal Offtakes Are Starting to Unlock Commercial Debt 🌉 California Opens the Door to a Three-Way Carbon Market 🧪 New Material Developed at Oregon State Provides Bo...
Ballard Secures 4.8MW Order From Siemens Mobility to Power Hydrogen Trains in Romania
24 FCrail™ fuel cell modules will power 12 Mireo Plus H trains, Romania’s first hydrogen fleet and the platform’s largest deployment to date. VANCOUVER, CANADA and MUNICH, GERMANY – Ballard Power ...
Company Update Approval Advances Strategic Growth of XCF's Diversified Alternative Energy Platform and Marks a Major Milestone as the Parties Work Toward Closing as Soon as Practicable HOUSTON, T...
On September 20, Yiwu County in Hami, Xinjiang, a centralized project bid opening and launch ceremony drew the attention of the entire hydrogen energy community, Dondel officially launched its Gree...
MEXICO CITY--BUSINESS WIRE--In the framework of today's World Habitat Day, here is an invitation to reflect on building more sustainable communities, where Mexico is moving firmly toward the energy...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.