Norway – For the development of Carbon Capture and Storage (CCS) projects in Norway and across Europe, Aker Carbon Capture and the Northern Lights JV have signed a non-exclusive Memorandum of Understanding (MoU).
From carbon capture to transportation and storage, the two companies represent a complete value chain. The MoU also aims to standardize ship-shore interfaces and optimize logistics. Enemies can now benefit from the full value chain of Aker Carbon Capture’s technology and the CO2 transport and storage capabilities provided by Northern Lights, thanks to this collaboration.
Growing demand
CO2 will be transported by ship to a receiving terminal in western Norway for intermediate storage before being transported by pipeline to a geological reservoir 2,600 meters beneath the seabed for long-term storage by Northern Lights. In 2024, the project is expected to be operational. Northern Lights will be able to provide industrial emitters across Europe with a safe and reliable shipping and storage service once the facilities are completed. There will be more shipping and storage capacity built as demand grows in Europe’s industrial sectors. Equinor, Shell, and TotalEnergies are all equal partners in the Northern Lights JV DA, a legally recognized General Partnership with Shared Liability (DA).
