Offshore staff
LYSAKER, Norway – Aker Carbon Capture and Northern Lights have signed a non-exclusive MoU to collaborate on carbon capture and storage (CCS) projects in Norway and across Europe.
Together, they claim to cover the full value chain from carbon capture through transport and storage. The MoU also seeks to optimize logistics and standardize ship-shore interfaces.
The collaboration will provide industrial emitters access to full services at locations where the combined technical concept of Aker Carbon Capture’s technology and Northern Lights’ CO2 transport and storage capabilities are said to be best suited.
Aker Carbon Capture’s ambition is to have contracts in place by 2025 covering 10 MM metric tons of CO2 on contract by 2025. With Northern Lights, the company plans to develop source-to-storage decarbonization on a pay per metric tons of captured CO2 model.
Northern Lights is developing an open and flexible infrastructure to transport CO2 from industrial emitters by ship to a reception terminal in western Norway for intermediate storage, followed by transportation via by pipeline for permanent storage in a reservoir 2,600 m (8,530 ft) beneath the seabed in the Norwegian North Sea.
Facilities are under construction and operations are due to start in 2024, with plans to offer a safe shipping and storage service to industrial emitters across Europe.
As interest grows, further shipping and storage capacity will be developed.
Northern Lights is a partnership between Equinor, Shell, and TotalEnergies.
02/18/2022
