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Released October 09, 2017 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Three oil and gas giants have joined forces to develop a large-scale carbon capture and storage (CCS) project on the Norwegian Continental Shelf (NCS).
Statoil ASA (NYSE:STO) (Stavangar, Norway) along with the Norwegian arms of Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands) and Total S.A. (NYSE:TOT) (Paris, France) are working with Norwegian authorities to advance large-scale carbon storage in depleted gas fields. The first phase of this project aims to store up to 1.5 million tonnes of carbon dioxide (CO2) per year. The companies hope that the project will help to stimulate new commercial carbon capture projects in Norway and Europe, to start. It wants Norway to become the first storage project to be capable of receiving CO2 from industrial and power plants in several countries. The announcement comes at a difficult time for CCS projects in Europe, which in recent years have suffered from a lack of financial support and government backing.
"Statoil believes that without carbon capture and storage, it is not realistic to meet the global climate target as defined in the Paris Agreement," said Irene Rummelhoff, Statoil's executive vice president for New Energy Solutions. "A massive scale-up of the number of CCS projects is needed, and collaboration and sharing of knowledge is essential to accelerating the development. We are very pleased to have Shell and Total as partners and believe their experience and capabilities will further strengthen this project. We trust that this robust partnership is well positioned to develop this first-of-a-kind project."
Monika Hausenblas, Shell's executive vice president for Environment and Safety, added: "Shell sees CCS as a transformative technology that can significantly reduce emissions from those industrial sectors that will continue to rely on hydrocarbons for decades to come."
Earlier this year, Industrial Info reported that an extensive study showed that the North Sea was identified as the best location in the world for storing CO2. For additional information, see March 14, 2016, article - Study: North Sea Proves Best Location for Storing CO2.
The oil companies will be working with state-owned energy company Gassnova SF (Porsgrunn, Norway). The initial goal for the project will be to store CO2 captured from onshore industrial facilities in eastern Norway. CO2 will be transported by ship from the capture facilities to a receiving terminal located onshore on the west coast of Norway. At the receiving terminal, CO2 will be transferred from the ship to intermediate storage tanks, prior to being sent through a pipeline on the seabed to injection wells east of the Troll field on the NCS. There are three possible locations for the receiving terminal, and a final selection will be made later this year.
In 2012, Norway was at the forefront of CCS development. The Mongstad refinery became the world's largest CCS facility, running two CCS projects using different post-combustion carbon-capture techniques, one based on amine and the other on chilled ammonia solvent. They were designed to capture and scrub 80,000 tonnes of the gas from the Mongstad oil refinery and another 20,000 tonnes of emissions from the CHP plant on the site. For additional information, see May 10, 2012, article - Norway Opens Leading Carbon Capture Facility.
However, just a year later, Norway's government announced "a change in direction" with regard to CCS development, cancelling the financing for the continued CCS expansion at the refinery. For additional information, see September 27, 2013, article - Norway Drops Leading Carbon Capture Project.
Following this, the U.K. became the potential leader for CCS development through the government's CCS Competition, which was promising £1 billion ($1.5 billion) in promised funding to two CCS projects: White Rose and Peterhead. However, in 2015, the government pulled the funding. For additional information, see December 2, 2015, article - U.K. Cancels Funding for Carbon Capture Projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
Statoil ASA (NYSE:STO) (Stavangar, Norway) along with the Norwegian arms of Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands) and Total S.A. (NYSE:TOT) (Paris, France) are working with Norwegian authorities to advance large-scale carbon storage in depleted gas fields. The first phase of this project aims to store up to 1.5 million tonnes of carbon dioxide (CO2) per year. The companies hope that the project will help to stimulate new commercial carbon capture projects in Norway and Europe, to start. It wants Norway to become the first storage project to be capable of receiving CO2 from industrial and power plants in several countries. The announcement comes at a difficult time for CCS projects in Europe, which in recent years have suffered from a lack of financial support and government backing.
"Statoil believes that without carbon capture and storage, it is not realistic to meet the global climate target as defined in the Paris Agreement," said Irene Rummelhoff, Statoil's executive vice president for New Energy Solutions. "A massive scale-up of the number of CCS projects is needed, and collaboration and sharing of knowledge is essential to accelerating the development. We are very pleased to have Shell and Total as partners and believe their experience and capabilities will further strengthen this project. We trust that this robust partnership is well positioned to develop this first-of-a-kind project."
Monika Hausenblas, Shell's executive vice president for Environment and Safety, added: "Shell sees CCS as a transformative technology that can significantly reduce emissions from those industrial sectors that will continue to rely on hydrocarbons for decades to come."
Earlier this year, Industrial Info reported that an extensive study showed that the North Sea was identified as the best location in the world for storing CO2. For additional information, see March 14, 2016, article - Study: North Sea Proves Best Location for Storing CO2.
The oil companies will be working with state-owned energy company Gassnova SF (Porsgrunn, Norway). The initial goal for the project will be to store CO2 captured from onshore industrial facilities in eastern Norway. CO2 will be transported by ship from the capture facilities to a receiving terminal located onshore on the west coast of Norway. At the receiving terminal, CO2 will be transferred from the ship to intermediate storage tanks, prior to being sent through a pipeline on the seabed to injection wells east of the Troll field on the NCS. There are three possible locations for the receiving terminal, and a final selection will be made later this year.
In 2012, Norway was at the forefront of CCS development. The Mongstad refinery became the world's largest CCS facility, running two CCS projects using different post-combustion carbon-capture techniques, one based on amine and the other on chilled ammonia solvent. They were designed to capture and scrub 80,000 tonnes of the gas from the Mongstad oil refinery and another 20,000 tonnes of emissions from the CHP plant on the site. For additional information, see May 10, 2012, article - Norway Opens Leading Carbon Capture Facility.
However, just a year later, Norway's government announced "a change in direction" with regard to CCS development, cancelling the financing for the continued CCS expansion at the refinery. For additional information, see September 27, 2013, article - Norway Drops Leading Carbon Capture Project.
Following this, the U.K. became the potential leader for CCS development through the government's CCS Competition, which was promising £1 billion ($1.5 billion) in promised funding to two CCS projects: White Rose and Peterhead. However, in 2015, the government pulled the funding. For additional information, see December 2, 2015, article - U.K. Cancels Funding for Carbon Capture Projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
