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Norway's Carbon Storage Project Gets $2.45 Billion in Funding

oil_gas_production

Industry Segment: Production | Word Count: 596 Words

GALWAY, IRELAND--August 4, 2020--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The world's largest proposed undersea carbon capture and storage (CCS) project, located in Norway waters, has been awarded 2.1 billion euro ($2.45 billion) in funding by the European Free Trade Association (EFTA) Surveillance Authority (ESA).

Within this article: Details final government funding for CCS project, partners from oil & gas and steel and cement sector, goals and capacity

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