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Future Biogas Plans July £35Mn IPO (Int'l. Report)
Future Biogas,Northern Lights
Date: 2021-06-16
In the UK, Guildford-based biogas project developer Future Biogas Ltd. reports it is preparing a £35 million IPO on the London Stock Exchange this July.

The IPO supports the company's plan to construct roughly 25 new power projects by 2028 and to grow an existing portfolio of 10 biogas plants operated on behalf of investment entities backed by Aviva and JLEN Environmental Assets Group.

The growth strategy includes carbon-capture and storage (CCS) "bolt-on" projects which further boost the environmental credentials for the soon-to-be-listed share.

Future Biogas is teamed up with the Northern Lights Project -- a venture by a number of oil and gas firms with a presence in the North Sea. Carbon captured by Future Biogas will be supplied to Northern Lights for permanent storage underground, beneath the North Sea. The Northern Lights venture partners include Royal Dutch Shell, Total and Equinor. Future Biogas will generate carbon offsets for its part in the venture, and it intends to sell them to corporate buyers. (Source: Future Biogas Ltd., PR, Investor, 15 June, 2021) Contact: Future Biogas Ltd., Philipp Lukas, CEO, +44 1483 375920, www.futurebiogas.com

More Low-Carbon Energy News Future Biogas,  CCS,  Biogas,  Northern Lights ,  Carbon Offsets,  


Equinor Awards $74Mn in Northern Lights CCS Contracts (Int'l.)
Equinor, CCS
Date: 2021-01-29
In Oslo, Equinor is reporting the issuance of $74 million in contracts for its Northern Lights project, the world's first carbon capture project to pump Norwegian industrial emissions into an offshore reservoir.

Equinor awarded a $57.5 million EPCI contract to Subsea 7 for fabrication, pipe laying and subsea installations to be completed during 2022-2023. Equinor also awarded a $16.1 million EPCI contract to Stavenger-based oil and gas service provider Aibel for the Northern Lights subsea control system.

According to the company most contracts for Northern Lights are now in place, including Aker Solutions ‘ $28 million deal for the CO2 receiving facilities outside Bergen and subsea equipment for injecting captured CO2 into a reservoir for permanent storage. Aker's work is expected to be completed in 2023.

The Norwegian government-funded Northern Lights project will transport, inject and store up to 1.5 million tpy of CO2 and is slated to be operational in 2024. (Source: Equinor, PR, 27 Jan., 2021) Contact: Northern Lights Project, Sverre Overaa, Director, sjov@equinor.com, Per Sandberg, Bus. Dev, prsa@equinor.com, www.northernlightsccs.com; Aibel, +47) 85 27 00 00, www.aibel.com; Equinor, www.equinor.com; Aker Solutions, Kjetel Digre, CEO, Fredrik Berge, Inv. Relations, +47 22 94 62 19, fredrik.berge@akersolutions.com, www.akersolutions.com

More Low-Carbon Energy News Equinor,  CCS,  Aker Solutions,  


Northern Lights CCS Project Gets the Nod (Int'l., Reg & Leg)
Shell,Equinor,Northern Lights
Date: 2020-12-16
In Oslo, the Norwegian parliament has announced its approval of the final investment decision for the Northern Lights project enabling the shipping, reception and sequestration of CO2 beneath the Northern North Sea.

Northern Lights project partners TOTAL, Equinor, and Shell are now establishing a Joint Venture company responsible for all project activities, including business development.

The Northern Lights project includes the development and operation of CO2 transport and storage facilities and will be the first cross-border, open-source CO2 transport and storage infrastructure network to offer European industrial emitters CCS opportunity.

The first phase of the project will be completed in 2024 with a capacity of up to 1.5 million tpy of CO2. (Source: TOTAL, PR, 15 Dec., 2020) Contact: Northern Lights Project, Sverre Overaa, Director, sjov@equinor.com, Per Sandberg, Bus. Dev, prsa@equinor.com, www.northernlightsccs.com; TOTAL, www.total.com; Equinor, www.equinor.com; SHELL, www.shell.com

More Low-Carbon Energy News TOTAL,  Equinor,  Northern Lights,  CCS,  Shell,  


Microsoft Joins Norwegian Northern Lights CCS Project (Int'l Report)
Microsoft,Equinor,Northern Lights
Date: 2020-10-23
Redmond, Washington-headquartered software giant Microsoft is reporting a memorandum of understanding (MoU) with Equinor -- fka Statoil -- concerning development of a digital platform covering the transportation, receipt and permanent storage of liquefied CO2 for the North Sea, Northern Lights carbon capture and storage (CCS) project.

Under the MoU, MoU stipulates the two sides would work on a model for a conventional investment. Namely, Microsoft has earmarked $1 billion for technology that prevents CO2 from escaping into the atmosphere. The two firms will also jointly explore and establish advocacy of policies that accelerate CCS's contribution to Europe's meeting its climate goals.

The Northern Lights initiative, which is equally owned by Equinor, Royal Dutch Shell and Total, is expected to begin operations in 2024 with a first-phase capacity of 1.5 billion tonnes of CO2. (Source: Microsoft, Balkan Green Energy News, 21 Oct., 2020) Contact: Northern Lights Project, Sverre Overaa, Director, sjov@equinor.com, Per Sandberg, Bus. Dev, prsa@equinor.com, www.northernlightsccs.com; TOTAL, www.total.com; Equinor, www.equinor.com; SHELL, www.shell.com; Microsoft Corporate Offices, www.headquartersinfo.com/microsoft-headquarters-information

More Low-Carbon Energy News Microsoft,  Equinor,  Northern Lights,  CCS,  


Norway's Northern Lights CCS Project Touted (Int'l. Report)
Equinor, SHELL, Total
Date: 2020-10-16
The Northern Lights project -- a collaboration between energy giants Equinor, SHELL and TOTAL -- is part of the Norwegian full-scale CCS project aiming to capture CO2 from industrial sources in the Oslo-fjord region. The CO2 will shipped from the CO2 capture sites to the Northern Lights onshore location, liquefied then piped to a North Sea sub-sea location for permanent sequestration.

The project is expected to handle large volumes of CO2 from across Europe.

The full-scale project is a result of The Norwegian government's ambition to develop a full-scale CCS value chain in Norway by 2024. The government's plan is based on its 2016 carbon capture, transport and storage solutions studies confirming the feasibility of the project.

Download Northern Lights Project details HERE. (Source: Northern Lights, Website, Sept., Oct., 2020) Contact: Northern Lights Project, Sverre Overaa, Director, sjov@equinor.com, Per Sandberg, Bus. Dev, prsa@equinor.com, www.northernlightsccs.com; TOTAL, www.total.com; Equinor, www.equinor.com; SHELL, www.shell.com

More Low-Carbon Energy News TOTAL,  Equinor,  SHELL ,  Carbon Capture,  CCS,  


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,  


Notable Quote -- Shell VP Comments on CCS
Shell Oil
Date: 2020-05-19
"CCS is a crucial technology to help society and economies thrive through the energy transition. We appreciate the leadership shown by the Norwegian government to accelerate the development of CCS value chains and believe that the Northern Lights carbon dioxide  solution has the potential to unlock investment in capture projects across Europe." -- Syrie Crouch, CCS VP, Shell Oil

More Low-Carbon Energy News Northern Light,  CCS,  Carbon Storage,  


TOTAL, Equinor, Shell Agree on Carbon Capture Network (Int'l.)
TOTAL, Equinor, Shell
Date: 2020-05-19
International Energy giants Equinor, Shell and TOTAL are reporting agreement on the planned $685 million Northern Lights -- North Sea carbon capture and storage (CCS) project.

The project to be located off the Norwegian coast would capture and sequester 5 million tpy of CO2 from some of the EU's heaviest emitters.

A final investment decision on the project hinges on approval by the Norwegian authorities and rubber-stamping by the EFTA Surveillance Authority.

"The Northern Lights project could become the first step to develop a value chain for CCS, which is vital to reach the global climate goals of the Paris Agreement," according to Equinor Exec.VP Anders Opedal. (Source: Total, Equinor, Shell Oil, ReCharge, 15 May, 2020) Contact: Equinor, www.equinor.com; TOTAL, Investor Relations: +44 (0) 207 719 7962 l, ir@total.com, www.total.com

More Low-Carbon Energy News TOTAL,  Equinor,  Shell ,  Carbon Capture,  CCS,  


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,  


Ervia, Equinor to Evaluate Irish CCS Potential Benefits (Int'l)
Ervia,Equinor
Date: 2019-11-27
On the Emerald Isle, Dublin-based utility company Ervia is reporting a MoU with Stavanger, Norway-based Equinor ASA under which the two firms will assess the potential for Ireland to benefit from Carbon Capture and Storage (CCS).

Under the MoU, Ervia will work with Equinor, a world leader in CCS technology, and the Norwegian Government's wider Northern Lights project, which aims to drive CCS development across Europe. If successful, the project would see carbon emissions from Ireland's electricity production and large industry captured and sequestered in Norway's geological reserves in the North Sea. Northern Lights project partners include ArcelorMittal, Air Liquide, Shell, Total, Equinor and others. (Source: Ervia, Chemical Engineering, 25 Nov., 2019) Contact: Ervia, Cathal Marley, Interim CEO , www.ervia.ie; Equinor ASA, www.equinor.com

More Low-Carbon Energy News Ervia,  CCS,  Equinor,  


HeidelbergCement Joins Norwegian CCS Project (Int'l. Report)
HeidelbergCement
Date: 2019-09-11
HeidelbergCement reports it has joined a list of leaders from various industries in endorsing Norway's state-owned energy group Equinor's carbon capture and storage (CCS) plans.

HeidelbergCement's Norwegian subsidiary Norcem has been involved in CCS research at its 1.2Mt/yr integrated cement plant in Brevik since 2011. The plant was "shortlisted" by the Norewgian government for its multiple-industry Northern Lights CCS project early last year Beginning in 2023, Equinor will remove 0.4Mt/yr of CO2, half of the plants total CO2 output, from Brevik for storage in empty oil and gas fields beneath the North Sea. (Source: HeidelbergCement, Global Cement News, 6 Sept., 2019) Contact: HeidelbergCement, Dr Bernd Scheifele, CEO, Jan Theulen, Director Alternative Resources, www.heidelbergcement.com; Equinor, Pal Eitrheim, VP New Energy Solutions, www.equinor.com

More Low-Carbon Energy News HeidelbergCement,  Carbon Emissions,  Equinor,  


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,  


Ervia, Equinor Ink Carbon Capture & Storage MoU (Int'l Report)
Equinor,Ervia
Date: 2019-09-06
In Dublin, the Irish state utility company Ervia reports it has inked Memorandum of Understanding (MoU) with the Norwegian firm Equinor -- f.k.a. Statoil -- to undertake research on the potential for Ireland to benefit from Carbon Capture and Storage (CCS).

Under the MoU, Eriva will work with Equinor and the Norwegian Government's wider "Northern Lights" project which aims to drive CCS development across Europe. If successful, this would see carbon emissions from Ireland's electricity production and large industry captured and exported via ship to be permanently stored in Norway's geological reserves in the North Sea.

Ervia, previously known as Bord Gais or Bord Gais Eireann, is a multi-utility company distributing pipeline natural gas, water services and dark fiber services in Ireland. (Source: Business Irish, Ervia, 5 Sept., 2019) Contact: Ervia, Cathal Marley, CEO, +44 01 823 0300www.ervia.ie

More Low-Carbon Energy News Equinor,  Bord Gais,  CCS,  Carbon Emissions,  

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