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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,  

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