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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,  

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