Northern Lights JV clinches carbon capture deal with Yara

Aug. 29, 2022

The Northern Lights joint venture between Equinor, Shell and TotalEnergies have signed with Yara their first commercial agreement on cross-border CO2 transportation and storage.

Yara and Northern Lights have agreed on the main commercial terms for what is the world’s first commercial agreement on cross border CO2 transport and storage.

Offshore staff

STAVANGER, Norway — The Northern Lights joint venture (JV) between Equinor, Shell and TotalEnergies have signed with Yara their first commercial agreement on cross-border CO₂ transportation and storage.

From early 2025, 800,000 metric tons of CO₂ captured from Yara Sluiskil, an ammonia and fertilizer plant in the Netherlands, will be compressed and liquefied in the country and then transported by ship to the Northern Lights terminal for storage 2,600 m beneath the Norwegian North Sea.

Equinor and its partners have long experience of CO₂ capture and storage at the Sleipner and Snøhvit fields in the North Sea and Barents Sea, respectively.

Once volumes from Yara Phase 1 have reached full capacity, the Northern Lights JV aims to be in a position to mature Phase 2 for the final investment decision on raising the total capacity to 5 million to 6 million metric tons of CO₂per year.

The Phase 1 installations are scheduled to come onstream in 2024, with the capability to handle 1.5 MMt per year of CO₂ per year.

According to TotalEnergies, various industries are interested in using these services.

08.29.2022