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Nasdaq, Fortum to Develop Carbon Removal Market (Int'l.)
Nasdaq, Fortum
Date: 2021-06-02
Helsinki-headquartered Finnish state-owned utility Fortum and financial services company Nasdaq report they have joined forces to develop puro.earth, a trading platform for carbon removal credits.

Backed by Fortum, puro.earth offers verifiable and tradable carbon removal credits on an open, online platform, with existing corporate clients that include Microsoft, and other majors. Puro.earth CO2 Removal Certificates (CORCs) are based on technologies for long-term carbon removal, such as storing carbon in a solid structures made from industrial waste.

Nasdaq is taking a majority stake in the puro.earth platform for an undisclosed sum. (Source: Nasdaq, Fortum, June, 2021) Contact: puro.earth, +358 40 5233880, contact@puro.earth, www.puro.earth; Fortum Oyi, www3.fortum.com

More Low-Carbon Energy News Nasdaq,  Fortum,  Carbon Credit,  Carbon Market,  


Norwegian Full-Scale CCS Project Scores EFTA-ESA Funding (Int'l.)
Norway CCS
Date: 2020-07-20
Gassnova, the Norwegian state enterprise for carbon capture and storage (CCS) reports receipt of €2.1 billion in funding for its CCS Norway project from the European Free Trade Association (EFTA) Surveillance Authority (ESA).

The CCS Norway project is a central part of Norway's efforts to reduce its carbon footprint and meet the European goal of climate-neutrality by 2050. The project would allow for the establishment of carbon capture facilities at Norcem, a cement factory in Brevik, and Fortum Oslo Varme, a waste-to-energy plant.

The captured CO2 is then to be transported and stored deep below the seabed in the North Sea. This part of the process is to be carried out by a joint venture between Shell, Total and Equinor, known as Northern Lights.

The €2.57 billion Full-Scale CCS Project promises to become the first of its kind to go live in Europe. The Norwegian government would cover around 80 pct of the project's estimated cost, according to a release. (Source: CCS Norway, GreenCar Congress, 19 July, 2020) Contact: CCS Norway, www.ccsnorway.com; Equinor, www.equinor.com; TOTAL, Investor Relations: +44 (0) 207 719 7962 l, ir@total.com, www.total.com; Norcem, www.norcen.no

More Low-Carbon Energy News CCS,  Norway CCS,  Norcem,  Total,  Equinor,  


Vestas Supplying Turbines for 226MW Russian Wind Project (Int'l.)
Vestas
Date: 2020-06-08
Wind turbine manufacturer Vestas is reporting receipt of a Russian order for the supply, installation and commissioning of 226 MW of wind turbines for commissioning in Q3, 2021. Long term management, service and maintenance is included in the contract.

The order was sanctioned by the Wind Energy Development Fund, a joint fund by Russian innovation development institution RUSNANO, and Finnish energy company Fortum. (Source: Vestas, PR, Various Media, June, 2020) Contact: RUSNANO, en.rusnano.com; Vestas, +45 97 30 00 00, vestas@vestas.com, www.vestas.com

More Low-Carbon Energy News Vestas,  Wind Turbine,  RUSNANO,  


VTT Coordinating Bioflex-Eranet Biomass-Fuel Project (Int'l Report)
VTT,Neste,Valmet,Wartsila
Date: 2020-04-08
The Research Institutes of Sweden's Finland Bioflex-Eranet Project and VTT Technical Research Center report they are investigating are the suitability of biomass and waste plastic-based fuel oils for marine engines.

The BioFlex project, which is being coordinated by VTT, has a budget of €1.6 million and is co-financed by Business Finland and VTT. Participating companys include Auramarine, Fortum, Neste, Pohjanmaan Hyotyjatekuljetus, Polartek, St1, Valmet and Wartsila. (Source: VTT, PortNews, 7 April, 2020) Contact: Finland Bioflex Project, RISE Research Institutes of Sweden, Susanne Paulrud, Project Coordinator, +46 10 516 50 00, www.bioflex-eranet.eu/about-the-project, www.ri.se; VTT Technical Research Centre, Nils-Olof Nylund, +358 400 703 715, nils.olof.nylund@vtt.fi, www.vttresearch.com; Neste, +358 10 458 4128, www.neste.com; Valmet, +358 4 0 505 2001, www.valmet.com; Wartsila Energy, +33 6 7889 2182, www.wartsila.com

More Low-Carbon Energy News VTT,  Neste,  Valmet,  Wartsila,  


Stockholm Planning Carbon-Negative District Heating (Int'l.)
Stockholm Exergi,Fortum
Date: 2020-01-29
In Sweden, Stockholm Exergi, a joint venture between Helsinki, Finnish utility Fortum Oyi and the city of Stockholm, reports it is looking to make Swedish capital's district heating the world's first to become carbon negative.

To that end, the company this spring will close its last coal-fired boiler and has replaced most of its coal-based production with biofuels. The company is also investigating the implementation of carbon capture systems to achieve a positive carbon footprint by 2040.

Fortum Oyi is also testing carbon capture and storage (CCS) technology in Oslo at its joint venture Fortum Oslo Varme. Both the Stockholm and Oslo projects are partnering with the Northern Lights initiative, which is studying carbon storage in the bedrock of the North Sea. (Source: Stockholm Exergi, Recharge, 28 Jan., 2020) Contact: Stockholm Exergi, www.stockholmexergi.se; Fortum Oyi, www3.fortum.com

More Low-Carbon Energy News CCS,  Fortum,  Carbon Negative,  Carbon Emissions,  Stockholm,  


Vestas Touts 750 MW in 2019 Year End Orders (Int'l. Report)
Vestas
Date: 2020-01-03
Danish wind turbine manufacturer Vestas is reporting receipt of year-end orders totaling more than 750 MW from projects in the U.S., Russia, Mexico and Vietnam.

In the US, orders were received for 12 units of V110-2.0MW wind turbines and another 57 units of its V120-2.2MW wind turbines for an undisclosed customer, plus a second order for a 162 MW project that will incorporate V110-2.0MW wind turbines and V136-4.2MW wind turbines.

In Europe, the company previously announced another 252 MW request for its 1,800 MW agreement in Russia with the Fortum / Rusnano consortium.

In Italy, Vestas also announced an agreement to supply 37 MW in V110-2.0MW and V136-4.2MW wind turbines to two wind farm projects.

In China, Vestas won an order for 25 of its V110-2.2MW wind turbines for an undisclosed customer, as well as a second order for 23 units of its V120-2.2MW turbines.

In Vietnam, Vestas scored its third order for the 50 MW Cong ty Co Phan Dau Tu Dien Gio Hoa Binh 1 wind project. (Source: Vestas, PR, reve, 1 Jan., 2020) Contact: Vestas, +45 97 30 00 00, vestas@vestas.com, www.vestas.com

More Low-Carbon Energy News Vestas,  Wind,  Wind Turbine,  


Norwegian CCS Project Announces Major Participants (Int'l. Report)
Equinor,Gassnova
Date: 2019-09-09
In Oslo, Norway's Equinor is reporting steel maker ArcelorMittal, Heidelberg Cement, the Swedish refiner Preem, and the Finish energy firm Fortum Oyi are among the firms signing Memorandums of Agreement (MoU) on joining the Norwegian government's Northern Lights underground carbon dioxide (CO2) storage project offshore Norway. The CCS project is led by Equinor in partnership with Shell and the French energy giant Total.

Industry's commitment is considered crucial for the Norwegian government's investment in the project, which aims at capturing and storing up to 5 million tonnes of CO2 from various industrial sites onshore. The project is expected to cost between $802 million and $1.4 billion to establish a full CCS chain. To date, Norway has spent roughly $92 million on the project which could start operations in 2023 or 2024, according to a Gassnova, a governmental agency in charge of CCS development, report.(Source: Equinor, Gassnova, Reuters, 5 Sept., 2019) Contact: Equinor, Eldar Saetre , CEO, www.equinor.com/en; HeidelbergCement, Dr Bernd Scheifele, CEO, Jan Theulen, Director Alternative Resources, www.heidelbergcement.com; Fortum Oyi, www3.fortum.com; PREEM, Petter Holland, CEO, Pres., +46 (0) 10 459 1000, www.preem.se/en/in-english

More Low-Carbon Energy News GassnovaCCS,  Equinor,  ArcelorMittal,  Heidelberg Cement,  Preem,  Fortum,  


Fortum, Nordkraft JV to Develop Nordic Wind Projects (Int'l Report)
Fortum, Nordkraft
Date: 2019-05-27
Finnish energy company Fortum Oyi and Norway's Nordkraft are touting their Fortum Nordkraft Vind joint venture to develop new wind power projects in Norway.

The two companies have been active in the Nordic wind sector since 2017, when the Finns acquired three Norwegian projects totaling 170 MW from Nordkraft. Nordkraft has also supported Helsinki-headquartered Fortum Oyi on the construction and operation and maintenance of the projects. (Source: Fortum, Nordkraft, renews, 27 May, 2019) Contact: Fortum Oyi, www3.fortum.com;

More Low-Carbon Energy News Fortum,  Wind,  


Vestas Supplying Turbines for Fortum's Finland Wind Project (Int'l)
Vestas
Date: 2019-05-22
Vestas is reporting receipt of an order for wind turbines for Helsinki-headquartered utility Fortum Oyj's 90 MW Kalax Wind Project in the province of Narpio in Western Finland. Turbine supply, installation and commissioning, as well as a long-term Active Output Management (AOM 5000) service agreement are included in the contract.

The project will feature a VestasOnline® Business SCADA solution to lower turbine downtime and optimize the energy output. Turbine delivery is slated for Q2, 2020, for commissioning in Q1, 2021. (Source: Vestas, PR, 21 May, 2019) Contact: Vestas, Christina Schmidt, +49 40 46778 5153, Mobile - +49 (0) 160 90141736., chbut@vestas.com, www.vestas.com; Fortum Oyi, Joonas Rauramo, VP Wind Generation, Vesa Koivisto, Development Manager, +358-50-453-6322, +358 10 4511, vesa.koivisto@fortum.com, www.fortum.com

More Low-Carbon Energy News Fortum,  Vestas,  Wind Turbine,  Wind,  


Norway Lauded for CCS Support (Opinions, Editorials & Asides)
Bellona
Date: 2018-08-17
In Oslo, the Norwegian government has given the green light for the detailed engineering design of a CO2 capture project at the waste incineration plant at Klemetsrud in Oslo, Norway.

This is an important milestone in the fight against climate change. The Klemetsrud project will now take a huge step towards realization. This is a triumph for both Fortum (the operator of the Klemetsrud plant) and the city of Oslo. It gives a boost to the budding CCS momentum in Europe, says Olav Oye, Senior Advisor for CO2 capture and storage at the Bellona Foundation. For several years, Bellona has advocated CO2 capture at the Klemetsrud plant. This decision indicates that the Norwegian government has serious intentions to promote CO2 capture, says Oye.

HeidelbergCement's cement factory in Telemark on the southern coast of Norway received government support in June this year for its detailed engineering design study for a CO2 capture plant there. The cement plant and the waste incinerator are part of a CCS project. A final decision on funding the construction of a full-scale CO2 capture, transport and storage network is expected in a couple of years.

Norway has already used hundreds of millions of euros on CO2 capture technology R&D. It is now critical to fund full-scale capture plants for industry. It is normal that the first few plants are more costly than what the plant owners are able to finance themselves. The public purse should therefore help finance these early movers, continues Oye. Comparable waste incineration plants in Gothenburg, Stockholm, Rotterdam and Amsterdam are actively evaluating similar solutions to reduce their greenhouse gas emissions. (Source: Bellona Europa, PR, 10 Aug., 2018) Contact: Bellona Europa, Olav Oye, Jonas Helseth Director, +32 (0) 494 53 58 21, jonas@bellona.org, europe@bellona.org

More Low-Carbon Energy News CO2,  CCS,  Bellona Institute,  Climate Change,  Norway Climate Change,  

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