The Fort Worth Press - World's first CO2 storage service soon ready in Norway

USD -
AED 3.672504
AFN 64.000368
ALL 81.218818
AMD 360.140403
ANG 1.789785
AOA 918.000367
ARS 1528.862404
AUD 1.422678
AWG 1.8025
AZN 1.70397
BAM 1.747092
BBD 2.014338
BDT 124.158076
BGN 1.747831
BHD 0.377606
BIF 3001.375712
BMD 1
BND 1.27771
BOB 12.126707
BRL 5.438704
BSD 1.000156
BTN 94.912544
BWP 13.81787
BYN 2.946066
BYR 19600
BZD 2.011399
CAD 1.39755
CDF 2315.000362
CHF 0.823841
CLF 0.025146
CLP 992.920396
CNY 6.661104
CNH 6.65272
COP 3219.41
CRC 454.787056
CUC 1
CUP 24.001751
CVE 98.497943
CZK 21.81604
DJF 177.720393
DKK 6.697404
DOP 60.620679
DZD 135.802679
EGP 55.738436
ERN 15
ETB 161.461739
EUR 0.892404
FJD 2.243704
FKP 0.747647
GBP 0.746436
GEL 2.603861
GGP 0.747647
GHS 11.651465
GIP 0.747647
GMD 74.000355
GNF 8851.589159
GTQ 7.645651
GYD 209.633474
HKD 7.84625
HNL 26.880818
HRK 6.76901
HTG 131.032142
HUF 327.940388
IDR 18133.75
ILS 3.14456
IMP 0.747647
INR 94.917504
IQD 1516.088114
IRR 1868415.000352
ISK 121.830386
JEP 0.747647
JMD 158.924129
JOD 0.70904
JPY 157.580385
KES 129.870385
KGS 87.448704
KHR 4080.593508
KMF 441.00035
KPW 899.999961
KRW 1333.420383
KWD 0.31117
KYD 0.833434
KZT 453.459704
LAK 22517.911061
LBP 89559.597295
LKR 332.651457
LRD 170.008263
LSL 16.666696
LTL 2.95274
LVL 0.60489
LYD 6.428964
MAD 9.833447
MDL 17.902128
MGA 4523.771239
MKD 55.008665
MMK 2099.909661
MNT 3597.883233
MOP 8.081288
MRU 40.55493
MUR 47.280378
MVR 15.450378
MWK 1733.828824
MXN 18.786704
MYR 4.058204
MZN 63.910377
NAD 16.666696
NGN 1346.470377
NIO 36.803459
NOK 9.208504
NPR 151.859892
NZD 1.772422
OMR 0.384417
PAB 1.00025
PEN 3.46149
PGK 4.551281
PHP 63.764504
PKR 276.672235
PLN 3.94725
PYG 5859.074911
QAR 3.645686
RON 4.782204
RSD 105.25382
RUB 80.300995
RWF 1476.317024
SAR 3.7544
SBD 8.058206
SCR 13.759577
SDG 601.503676
SEK 9.826204
SGD 1.278704
SHP 0.748335
SLE 22.903667
SLL 20969.504398
SOS 571.533215
SRD 37.619504
STD 20697.981008
STN 21.886236
SVC 8.750648
SYP 13001.999685
SZL 16.6622
THB 33.720369
TJS 9.205654
TMT 3.5
TND 2.990728
TOP 2.40776
TRY 49.934904
TTD 6.780948
TWD 32.621404
TZS 2641.198038
UAH 45.361884
UGX 4250.396409
UYU 40.208322
UZS 11995.497668
VES 887.479804
VND 25803.5
VUV 119.217464
WST 2.773901
XAF 585.378718
XAG 0.020359
XAU 0.000258029557
XCD 2.70255
XCG 1.802387
XDR 0.707052
XOF 585.378718
XPF 106.533507
YER 236.203589
ZAR 16.727445
ZMK 9001.203584
ZMW 20.167407
ZWL 321.999592
SSP 5745.199062
MXV 2.117364
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

World's first CO2 storage service soon ready in Norway
World's first CO2 storage service soon ready in Norway / Photo: © AFP/File

World's first CO2 storage service soon ready in Norway

Norway is set to inaugurate Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening what its operator calls the first commercial service offering CO2 transport and storage.

Text size:

The Northern Lights project plans to take CO2 emissions captured at factory smokestacks in Europe and inject them into geological reservoirs under the seabed.

The aim is to prevent the emissions from being released into the atmosphere, and thereby help halt climate change.

On the island of Oygarden, a key milestone will be marked on Thursday with the inauguration of a terminal built on the shores of the North Sea, its shiny storage tanks rising up against the sky.

It is here that the liquified CO2 will be transported by boat, then injected through a long pipeline into the seabed, at a depth of around 2.6 kilometres (1.6 miles), for permanent storage.

The facility, a joint venture grouping oil giants Equinor of Norway, the Anglo-Dutch Shell and TotalEnergies of France, is expected to bury its first CO2 deliveries in 2025.

It will have an initial capacity of 1.5 million tonnes of CO2 per year, before being ramped up to five million tonnes in a second phase if there is enough demand.

"Our first purpose is to demonstrate that the carbon capture and storage (CCS) chain is feasible," Northern Lights managing director Tim Heijn told AFP.

"It can make a real impact on the CO2 balance and help achieve climate targets," he said.

- Prohibitive cost -

CCS technology is complex and costly but has been advocated by the UN's Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA), especially for reducing the CO2 footprint of industries like cement and steel, which are difficult to decarbonise.

The world's overall capture capacity is currently just 50.5 million tonnes, according to the IEA, or barely 0.1 percent of the world's annual total emissions.

In order to limit global warming to 1.5 degrees Celsius since the pre-industrial era, CCS would have to prevent at least one billion tonnes of CO2 emissions per year by 2030, the IEA says.

The technology is still in the early stages, and has been slow to develop because of prohibitive costs -- compared to the price companies have to pay for CO2 emission quotas, for example.

It therefore depends heavily on subsidies.

"Public support was and will be crucial to help such innovative projects to advance, especially as CCS costs are still higher than the costs of CO2 emissions in Europe," said Daniela Peta, public affairs director at the Global CCS Institute.

The Norwegian government has financed 80 percent of the cost of Northern Lights, which has been kept confidential.

The Scandinavian country is Western Europe's largest oil and gas producer.

The North Sea, with its depleted oil and gas fields and its vast network of pipelines, is an ideal region to bury unwanted greenhouse gases.

- Greenwashing? -

Northern Lights is part of an ambitious 30-billion-kroner ($2.9 billion) scheme dubbed "Longship" -- after the Viking ships -- of which the state has provided 20 billion kroner.

The plan initially included the creation of two CO2 capture sites in Norway.

While the Heidelberg Materials cement factory in Brevik is expected to begin shipping its captured emissions to the site next year, snowballing costs have forced the waste-to-energy plant Hafslund Celsio in Oslo to review its plans.

In addition, Northern Lights has also secured cross-border deals with Norwegian fertiliser manufacturer Yara and energy group Orsted to bury CO2 from an ammonia plant in the Netherlands and two biomass power stations in Denmark.

Some environmentalists worry the technology could provide an excuse to prolong the use of fossil fuels and divert funds needed for renewable energies.

They have also raised concerns about the risk of leaks.

"Northern Lights is 'greenwashing'," said the head of Greenpeace Norway, Frode Pleym, noting that the project was run by oil companies.

"Their goal is to be able to continue pumping oil and gas. CCS, the electrification of platforms and all of these kinds of measures are used by the oil industry in a cynical way to avoid doing anything about their enormous emissions," he said.

W.Matthews--TFWP