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    1. Renewable Energy

    Duo team up for Barents Sea carbon storage project

    March 23, 2021
    Baker Hughes and Horisont Energi AS have signed a memorandum of understanding for the Polaris carbon storage project offshore northern Norway.
    (Courtesy Horisont Energi)
    Horisont Energi 605a697208a7f

    Offshore staff

    HOUSTON and SANDNES, Norway – Baker Hughes and Horisont Energi AS have signed a memorandum of understanding (MoU) for the Polaris carbon storage project offshore northern Norway.

    Under the agreement, the two companies will explore the development and integration of technologies to minimize the carbon footprint, cost, and delivery time of carbon capture, transport and storage (CCTS).

    Horisont Energi’s Polaris offshore carbon storage facility is part of its “Barents Blue” project, which is said to be the first global and full-scale carbon neutral “blue” ammonia production plant. The Polaris project is expected to have a total carbon storage capacity in excess of 100 million tons, which is equivalent to twice Norway’s annual greenhouse gas emissions, the company said.

    Currently at the concept phase, the facility is expected to enter the construction phase in the second half of 2022. As part of its overall goals, Polaris aims to have the lowest carbon storage cost globally, paving the way for profitable CCTS facilities that are not reliant on government support schemes.

    Bjørgulf Haukelidsæter Eidesen, CEO of Horisont Energi, said: “The global carbon technology market is emerging for carbon storage and utilization. With Baker Hughes, we will scale solutions across the carbon value chain to accelerate the decarbonization of the energy industry. Our complementary competencies allow for a strategic partnership for scalable, energy-efficient and flexible technology solutions.”

    The companies will also work together to develop processes and technologies across the carbon capture value chain, including:

    • Reduction of carbon footprint in the well construction and subsea segments
    • High-efficiency turbomachinery technology including compressors and turbines for syngas, steam, CO2 and air
    • Low- to zero-emissions power and heat generation for clean ammonia plants
    • Development of pre-front-end engineering and design (FEED) and FEED activities to prepare for project execution of offshore carbon storage assets
    • Life-of-field service model for the life cycle of carbon storage projects, including site selection, drilling, and power to subsea infrastructure.

    03/23/2021