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Released October 29, 2024 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The world's largest commercial carbon capture and storage (CCS) project is now up and running with the official commissioning of the Northern Lights project in Norway.
Comprising a receiving terminal in Øygarden in western Norway, alongside injection pipeline and subsea installations, the first phase of Northern Lights is capable of storing 1.5 million tonnes of captured carbon dioxide (CO2) per year, beginning next year. Liquefied CO2 will be transported by special liquefied CO2 (LOC2) carriers from various industrial sites to Øygarden, before being pumped through a 110-kilometer (km) subsea pipeline for permanent storage in a reservoir in the North Sea, 2.6 km under the seabed. The project has been backed by Norway's Equinor (NYSE:EQNR) (Stavanger, Norway), Anglo-Dutch firm Shell plc (NYSE:SHEL) (London, England) and French company TotalEnergies SE (NYSE:TTE) (Courbevoie, France).
"This is a proud moment not just for Northern Lights as a company, but for Norway and for the advancement of carbon capture and storage (CCS) worldwide", said Terje Aasland, Norway's Minister of Energy. "This is a concrete solution to a concrete problem. We must cut emissions to meet our commitments under the Paris Agreement--both domestically and globally."
Equinor's Chief Executive Officer Anders Opedal added: "The completion of the Northern Lights facility marks an important milestone for the global development of a business model for carbon capture, transport and storage. It opens a value chain for decarbonisation of European industry and energy. This project demonstrates what can be achieved when authorities and industry are working towards the same goal and co-invest to reduce risks. Equinor has several CO2 transport and storage developments in our portfolio as operator and partner. The established Northern Lights value chain and experience from the project will be valuable in maturing and scaling up future CCS projects."
Industrial Info has been tracking five key projects involved in the first phase of development. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the reports. The initial 1.5 million tonne capacity of Northern Light's first phase is already booked out. Industrial Info reported in late 2022 that leading fertilizer producer Yara International (Oslo, Norway) had signed the world's first commercial agreement on cross-border CO2 transportation and storage. The company plans to transport CO2 captured from Yara Sluiskil, an ammonia and fertilizer plant in the Netherlands, and permanently store it under the seabed off the coast of western Norway. Around 800,000 tons of CO2 per year will be captured, compressed, and liquefied in the Netherlands and then transported to Northern Lights from next year. For additional information, see September 8, 2022, article - Norway Bags First Commercial Carbon Storage Deal with Yara. The next phase will see storage capacity increased to 5 million tonnes per year.
Northern Lights is part of Norway's full-scale CCS project named Longship. The project will cost up to 2.6 billion euro (US$2.8 billion) in total, which will cover construction and 10 years of operation. The Norwegian government is covering around 80% of the project's estimated budget, and in 2020 the project received a huge financial boost with a grant of 2.1 billion euro (US$2.3 billion) from the European Free Trade Association (EFTA). There are a number of major carbon capture projects lined up to take advantage of Northern Lights, including Heidelberg Materials' CO2 capture project at its cement factory in Brevik. It aims to transport around 400,000 tonnes of CO2 via Northern Lights from next year.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Comprising a receiving terminal in Øygarden in western Norway, alongside injection pipeline and subsea installations, the first phase of Northern Lights is capable of storing 1.5 million tonnes of captured carbon dioxide (CO2) per year, beginning next year. Liquefied CO2 will be transported by special liquefied CO2 (LOC2) carriers from various industrial sites to Øygarden, before being pumped through a 110-kilometer (km) subsea pipeline for permanent storage in a reservoir in the North Sea, 2.6 km under the seabed. The project has been backed by Norway's Equinor (NYSE:EQNR) (Stavanger, Norway), Anglo-Dutch firm Shell plc (NYSE:SHEL) (London, England) and French company TotalEnergies SE (NYSE:TTE) (Courbevoie, France).
"This is a proud moment not just for Northern Lights as a company, but for Norway and for the advancement of carbon capture and storage (CCS) worldwide", said Terje Aasland, Norway's Minister of Energy. "This is a concrete solution to a concrete problem. We must cut emissions to meet our commitments under the Paris Agreement--both domestically and globally."
Equinor's Chief Executive Officer Anders Opedal added: "The completion of the Northern Lights facility marks an important milestone for the global development of a business model for carbon capture, transport and storage. It opens a value chain for decarbonisation of European industry and energy. This project demonstrates what can be achieved when authorities and industry are working towards the same goal and co-invest to reduce risks. Equinor has several CO2 transport and storage developments in our portfolio as operator and partner. The established Northern Lights value chain and experience from the project will be valuable in maturing and scaling up future CCS projects."
Industrial Info has been tracking five key projects involved in the first phase of development. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the reports. The initial 1.5 million tonne capacity of Northern Light's first phase is already booked out. Industrial Info reported in late 2022 that leading fertilizer producer Yara International (Oslo, Norway) had signed the world's first commercial agreement on cross-border CO2 transportation and storage. The company plans to transport CO2 captured from Yara Sluiskil, an ammonia and fertilizer plant in the Netherlands, and permanently store it under the seabed off the coast of western Norway. Around 800,000 tons of CO2 per year will be captured, compressed, and liquefied in the Netherlands and then transported to Northern Lights from next year. For additional information, see September 8, 2022, article - Norway Bags First Commercial Carbon Storage Deal with Yara. The next phase will see storage capacity increased to 5 million tonnes per year.
Northern Lights is part of Norway's full-scale CCS project named Longship. The project will cost up to 2.6 billion euro (US$2.8 billion) in total, which will cover construction and 10 years of operation. The Norwegian government is covering around 80% of the project's estimated budget, and in 2020 the project received a huge financial boost with a grant of 2.1 billion euro (US$2.3 billion) from the European Free Trade Association (EFTA). There are a number of major carbon capture projects lined up to take advantage of Northern Lights, including Heidelberg Materials' CO2 capture project at its cement factory in Brevik. It aims to transport around 400,000 tonnes of CO2 via Northern Lights from next year.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
