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
-
Why 5,000 Leaders Are Heading To Edmonton
Inside the Issue π Global Leaders Converge in Edmonton September 23-25 for Carbon Capture Canada as Federal Government Expected to Boost Industrial Carbon Pricing in Fall 2025 βοΈ Delta Partners Wi...
-
$2.4B Savings? EPA Proposes Ending GHGRP
Inside This Issue π EPA Releases Proposal to End the Burdensome, Costly Greenhouse Gas Reporting Program, Saving up to $2.4 Billion π California to Extend Cap-and-trade Program Aimed at Advancing ...
-
Why Airlines Might Spark a $100B Market
Inside this Issue βοΈ CORSIA Transforms Aviation Compliance Into Market Gold Rush π IEA Cuts 2030 Low-emissions Hydrogen Production Outlook by Nearly a Quarter π€ GenH2 Executive Chairman Josh McMor...
Company Announcements
-
More than 5,000 attendees are expected at Canadaβs national Carbon Capture, Utilization and Storage (CCUS) convention to address industry opportunities in the sector from geopolitical advantage to ...
-
1PointFive and NYK Announce Carbon Removal Agreement
Second NYK transaction continues to build momentum for Direct Air Capture as a solution for the maritime sector HOUSTON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilizatio...
-
Led by cornerstone investors Alaska Airlines, American Airlines, with International Airlines Group (IAG), Cathay Pacific, and Japan Airlines from oneworld alliance, and Singapore Airlines as part o...
-
Eaton to Showcase Technologies for Hydrogen-Powered Commercial Vehicles at IAA Transportation 2024
HANOVER, Germany--(BUSINESS WIRE)--Intelligent power management company Eaton announced it will showcase a broad range of innovative solutions for hydrogen-powered commercial vehicles September 17β...