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Released September 18, 2019 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--A group of leading European steel and cement makers have announced their support for Norway's leading carbon capture and storage (CCS) project, Northern Lights.
Memoranda of understanding have been signed with Air Liquide, ArcelorMittal S.A. (NYSE:MT) (Luxembourg), Ervia, Fortum Oyj, HeidelbergCement AG (Heidelberg, Germany), Preem AB (Stockholm, Sweden), and Stockholm Exergi. Their support for the Northern Lights project, which came during a carbon capture event hosted by Norway and the European Commission, is a big boost for the proposed plan to create a subsea reservoir for CO2 under the seabed on the Norwegian Continental Shelf as part of Norway's first full-chain CCS project. The companies have agreed to evaluate solutions for CO2 deliveries and transport, develop a timeline for possible final investment decision and start of operations, and cooperate on the CCS dialogue with national authorities and the European Union (EU). Northern Lights was first proposed in 2018 by three oil majors, Equinor (NYSE:EQNR) (Stavanger, Norway), Total SA (NYSE:TOT) (Paris, France) and Shell (NYSE:RDS.A) (The Hague, Netherlands). For additional information, see September 26, 2018, article--Three Oil Majors Apply to Store CO2 Under Norwegian Seabed.
"Carbon capture and storage will be vital to reach the global climate goals of the Paris Agreement," said Eldar Sætre, president and chief executive officer of Equinor. "Sustainable carbon capture and storage projects can only be developed in cooperation between governments and companies. We are therefore very pleased that the Northern Lights partners and leading European companies are taking the first steps to realise a European CO2 transport and storage system."
Cathal Marley, interim chief executive officer of Ervia (owner of Gas Networks Ireland) commented: "We are very excited to be working with Equinor on this project, bringing Ireland to the centre of Europe's large-scale decarbonisation. We are committed to maximising the contribution of Ireland's gas network -- a 3 billion-euro ($3.3 billion) asset owned by the Irish people -- to building a sustainable, low carbon future."
Since 2011, HeidelbergCement's Norwegian subsidiary Norcem has been running a project dedicated to CO2 storage in the cement industry at its Brevik cement plant. Industrial Info is tracking a groundbreaking full-chain CCS project at the cement plant in Brevik, Norway. Developed by Norcem, a subsidiary of HeidelbergCement AG (Heidelberg, Germany), the government has agreed to fund front-end engineering and design (FEED) studies. For additional information, see May 29, 2018, article - Norway Backs Full-Scale Carbon Capture Project.
Chairman of the Managing Board of HeidelbergCement Dr. Bernd Scheifele explained: "At our Brevik cement plant, we have shown that we are able to capture carbon dioxide at an industrial scale. Our CCS project is currently the most technically mature in the cement industry. We plan to capture around 400,000 tonnes of CO2 per year at Brevik, which corresponds to around 50% of the plant's total carbon emissions. For us, CCS -- alongside our measures for reducing CO2 emissions -- is another important element in our vision of CO2-neutral concrete production by 2050."
HeidelbergCement is set to reduce its specific net CO2 emissions per tonne of cement by 30% compared to 1990 levels by 2030. This target is in line with the goals of the Paris Agreement, making HeidelbergCement the first cement company worldwide to have approved science-based CO2 reduction targets.
ArcelorMittal, the world's leading steel and mining company, has joined the initiative and has committed to a number of joint activities, including the development of logistics, exploring potential commercial models, as well as advocating on the topic of carbon capture and use (CCU) and CCS. The company's primary role will be the capture of CO2 gas from its blast furnaces.
Industrial Info is tracking a number of key heavy industrial projects aimed at reducing emissions. ArcelorMittal has announced plans to build a hydrogen-based pilot project at its Hamburg steel plant in Germany "in the coming years." The project will cost about 65 million euro ($73 million). The hydrogen-based reduction of iron ore will initially take place on a demonstration scale with an annual production of 100,000 tonnes. In Sweden, the world's first project for creating fossil-free steel has advanced with the developers of the HYBRIT initiative purchasing a hydrogen generation electrolyzer solution from Nel Hydrogen. Located at the Lulea Steel Works in the north of the country, HYBRIT will use hydrogen from electricity produced by renewable energy instead of coking coal for ore-based steel making, which will also have the added benefit of replacing typical carbon emissions with water. The pilot plant will operate from 2021-2024, followed by a demonstration phase, with target of full-scale implementation by 2035. For additional information, see May 19, 2019, article - World's First Hydrogen-based Steel Project Moves Forward.
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.
Memoranda of understanding have been signed with Air Liquide, ArcelorMittal S.A. (NYSE:MT) (Luxembourg), Ervia, Fortum Oyj, HeidelbergCement AG (Heidelberg, Germany), Preem AB (Stockholm, Sweden), and Stockholm Exergi. Their support for the Northern Lights project, which came during a carbon capture event hosted by Norway and the European Commission, is a big boost for the proposed plan to create a subsea reservoir for CO2 under the seabed on the Norwegian Continental Shelf as part of Norway's first full-chain CCS project. The companies have agreed to evaluate solutions for CO2 deliveries and transport, develop a timeline for possible final investment decision and start of operations, and cooperate on the CCS dialogue with national authorities and the European Union (EU). Northern Lights was first proposed in 2018 by three oil majors, Equinor (NYSE:EQNR) (Stavanger, Norway), Total SA (NYSE:TOT) (Paris, France) and Shell (NYSE:RDS.A) (The Hague, Netherlands). For additional information, see September 26, 2018, article--Three Oil Majors Apply to Store CO2 Under Norwegian Seabed.
"Carbon capture and storage will be vital to reach the global climate goals of the Paris Agreement," said Eldar Sætre, president and chief executive officer of Equinor. "Sustainable carbon capture and storage projects can only be developed in cooperation between governments and companies. We are therefore very pleased that the Northern Lights partners and leading European companies are taking the first steps to realise a European CO2 transport and storage system."
Cathal Marley, interim chief executive officer of Ervia (owner of Gas Networks Ireland) commented: "We are very excited to be working with Equinor on this project, bringing Ireland to the centre of Europe's large-scale decarbonisation. We are committed to maximising the contribution of Ireland's gas network -- a 3 billion-euro ($3.3 billion) asset owned by the Irish people -- to building a sustainable, low carbon future."
Since 2011, HeidelbergCement's Norwegian subsidiary Norcem has been running a project dedicated to CO2 storage in the cement industry at its Brevik cement plant. Industrial Info is tracking a groundbreaking full-chain CCS project at the cement plant in Brevik, Norway. Developed by Norcem, a subsidiary of HeidelbergCement AG (Heidelberg, Germany), the government has agreed to fund front-end engineering and design (FEED) studies. For additional information, see May 29, 2018, article - Norway Backs Full-Scale Carbon Capture Project.
Chairman of the Managing Board of HeidelbergCement Dr. Bernd Scheifele explained: "At our Brevik cement plant, we have shown that we are able to capture carbon dioxide at an industrial scale. Our CCS project is currently the most technically mature in the cement industry. We plan to capture around 400,000 tonnes of CO2 per year at Brevik, which corresponds to around 50% of the plant's total carbon emissions. For us, CCS -- alongside our measures for reducing CO2 emissions -- is another important element in our vision of CO2-neutral concrete production by 2050."
HeidelbergCement is set to reduce its specific net CO2 emissions per tonne of cement by 30% compared to 1990 levels by 2030. This target is in line with the goals of the Paris Agreement, making HeidelbergCement the first cement company worldwide to have approved science-based CO2 reduction targets.
ArcelorMittal, the world's leading steel and mining company, has joined the initiative and has committed to a number of joint activities, including the development of logistics, exploring potential commercial models, as well as advocating on the topic of carbon capture and use (CCU) and CCS. The company's primary role will be the capture of CO2 gas from its blast furnaces.
Industrial Info is tracking a number of key heavy industrial projects aimed at reducing emissions. ArcelorMittal has announced plans to build a hydrogen-based pilot project at its Hamburg steel plant in Germany "in the coming years." The project will cost about 65 million euro ($73 million). The hydrogen-based reduction of iron ore will initially take place on a demonstration scale with an annual production of 100,000 tonnes. In Sweden, the world's first project for creating fossil-free steel has advanced with the developers of the HYBRIT initiative purchasing a hydrogen generation electrolyzer solution from Nel Hydrogen. Located at the Lulea Steel Works in the north of the country, HYBRIT will use hydrogen from electricity produced by renewable energy instead of coking coal for ore-based steel making, which will also have the added benefit of replacing typical carbon emissions with water. The pilot plant will operate from 2021-2024, followed by a demonstration phase, with target of full-scale implementation by 2035. For additional information, see May 19, 2019, article - World's First Hydrogen-based Steel Project Moves Forward.
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.
