Latest news with #Longship
Time of India
10 hours ago
- Business
- Time of India
Norway launches flagship large-scale carbon capture and storage project
The liquefied CO2 (LCO2) carrier Northern Pioneer of Northern Lights (Image credit: AFP) Norway on Tuesday launched a flagship carbon capture and storage (CCS) project, a technology seen as crucial to curbing climate change but struggling to find a viable economic model. Bearing the English name for the Vikings' wooden ships, the Longship project involves capturing carbon dioxide emitted from a cement plant and later from an incineration plant, transporting it by ship to a terminal on Norway's west coast, and then injecting and storing it beneath the seabed. The project has received significant financial support from the Norwegian state, which will cover 22 billion kroner ($2.2 billion) of the total estimated cost of 34 billion kroner for the installation and operation over the first 10 years. Norway has presented Longship as the "world's first full-scale value chain" for capture and storage of carbon in the greenhouse gases that cause harmful climate change. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Doctors Beg: Take These 4 Ingredients Before Bed to Burn Fat Hollywood Today | Health Learn More Undo "This is not just an important moment for Norway, it is a breakthrough for carbon capture and storage in Europe," Norwegian Energy Minister Terje Aasland said. For the capture component, the facility will be officially inaugurated Wednesday at a cement plant operated by Germany's Heidelberg Materials in Brevik, southeastern Norway. It will prevent 400,000 tonnes of CO2 from escaping into the atmosphere each year. Another part of the project, the Hafslund Celsio waste incineration plant near Oslo, is also expected to capture 350,000 tonnes of CO2 starting in 2029. The liquefied carbon dioxide will be transported by ship to the Oygarden terminal near Bergen, where it will be injected into a pipeline to be stored 110 kilometres (68 miles) offshore in a saline aquifer 2.6 kilometres below the seabed. The terminal has been in place since last year as part of the Northern Lights project -- led by oil giants Equinor, Shell and TotalEnergies -- which claims to be "the world's first commercial CO2 transport and storage service". Backed by the UN's Intergovernmental Panel on Climate Change (IPCC) as a way of reducing the carbon footprint of industries hard to decarbonise, such as cement and steel, CCS technology remains complex and expensive. Without financial assistance, it is currently more profitable for industries to purchase "pollution permits" on the European carbon market than to pay for capturing, transporting and storing their CO2. The total global carbon capture capacity currently amounts to only about 50 million tonnes, according to the International Energy Agency, equivalent to just 0.1 per cent of global annual emissions.
Yahoo
27-05-2025
- Business
- Yahoo
Rejlers signs EPCI contract for CO₂ storage facility in Norway
Rejlers has secured an engineering, procurement, construction and installation (EPCI) contract with energy company Equinor for the Northern Lights carbon dioxide (CO₂) storage project in Øygarden, Norway. The contract involves the installation of a CO₂ quality monitoring system and the integration of filter skids at the facility. This project is seen as a significant step in the development of the world's first open-source infrastructure for CO₂ transport and storage. The award of the new contract follows Rejlers' contributions during the front-end engineering design (FEED) phase, the company said in a statement. Rejlers Norway country manager Ragnar Holtan said: 'This assignment is a testament to the trust we have earned through our work in the FEED phase. We are proud to contribute to one of Europe's most ambitious carbon capture and storage [CCS] projects and to bring our cross-border engineering expertise to the table.' The company is now tasked with the complete EPCI delivery, which encompasses detailed engineering, procurement, subcontractor coordination, and commissioning. The project is a collaborative effort between Rejlers teams in Norway, Sweden, and Finland. The Northern Lights joint venture, a partnership between Equinor, Shell, and TotalEnergies, is part of Norway's CCS initiative, Longship. The project aims to facilitate the safe and permanent storage of carbon dioxide, offering services to companies throughout Europe. Rejlers, an engineering consultancy with a presence in the Nordics and the United Arab Emirates, employs 3,300 individuals. The company is engaged in various sectors, including energy, buildings, infrastructure, and defence. Rejlers Group sustainability director Malin Ljung Eiborn said: 'Northern Lights is a key component in Europe's climate transition. By ensuring high CO₂ quality for storage, we help establish a robust and safe infrastructure for carbon storage, which is essential to achieving climate targets.' "Rejlers signs EPCI contract for CO₂ storage facility in Norway" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
27-03-2025
- Business
- Reuters
Shell, Equinor, TotalEnergies to invest $714 million in carbon storage expansion
OSLO, March 27 (Reuters) - Shell (SHEL.L), opens new tab, Equinor ( opens new tab and TotalEnergies ( opens new tab said on Thursday they will invest 7.5 billion Norwegian crowns ($713.66 million) into expanding their flagship carbon storage project in western Norway after securing a new customer deal. The decision comes after the partners signed a 15-year commercial agreement with Stockholm Exergi, opens new tab to transport and store 900,000 tonnes of carbon dioxide per year at the Northern Lights facility, they said. The expansion aims to more than triple the site's annual CO2 injection capacity to at least 5 million tonnes per year, equivalent to roughly 10% of annual emissions in Norway, Shell said in a statement. Carbon capture and storage (CCS) has long been highlighted as a way to reduce CO2 emissions but there are few commercial projects in existence, with Norway in 2020 launching the Longship project, which includes the Northern Lights site. Phase one of Northern Lights was completed in September and can inject 1.5 million metric tons of CO2 per year, with first deliveries expected later this year. The second phase will add an additional 3.5 million tons a year and is expected to be completed in the second half of 2028, Northern Lights said. The new infrastructure to be built will include additional onshore storage tanks, pumps, a new jetty and injection wells, as well as additional CO2 transport vessels. Thursday's investment decision also includes funding from the European Commission via a grant worth 131 million euros ($141.34 million), the companies said. ($1 = 10.5092 Norwegian crowns) ($1 = 0.9269 euros)
