Lectură de 1 min

Oil giants will capture and store CO2 under the seabed in Norway

Vlad Andriescu

CO2 captured at an ammonia and fertiliser plant in the Netherlands could soon be transported for permanent storage under the seabed to the west of Norway, marking an important moment in the industry.

The CO2 will be captured from a factory in Netherlands and it will be transported and stored by TotalEnergies în Norvegia, where it's building a storage for CO2 until 2025.

Set to start in early 2025, the deal would see up to 800,000 tonnes of carbon dioxide captured, compressed, and liquefied at Yara Sluiskil's Dutch production plant before being transported by TotalEnergies to its Northern Lights carbon storage facility off the coast of Øygarden in Norway. The CO2 will be stored at around 2.600 meters under the seabed.

"Developing CO2 transportation and storage services is crucial for decarbonising European industry: we are pleased to welcome Yara as first commercial partner for Northern Lights, which will help support its decarbonisation strategy," said Patrick Pouyanné, TotalEnergies' chairman and CEO.

The Northern Lights Project, is owned by oil and gas giants TotalEnergies, Equinor, and Shell.

Phase one installations for the geological storage site are scheduled to come on stream in 2025 and are designed to handle up to 1.5 million tonnes of CO2 per year, TotalEnergies said.

TotalEnergies hailed the deal as "the first of its kind worldwide" and a "major milestone" in the decarbonisation of European heavy industry.

Vlad Andriescu

Urmărește ecosistemul startup-urilor românești de peste șapte ani. Îi plac poveștile cu ratări mai mult decât îi plac poveștile de succes, pentru că e mai mult de învățat din sinceritatea unei înfrângeri. Dar nu crede că partida a fost pierdută. Susține antreprenoriatul, dar își păstrează un spirit critic față de ideile și implementările locale.