Aker Carbon Capture, Northern Lights JV to Collaborate on Carbon Capture and Storage Projects
February 17 2022 - 4:55AM
Dow Jones News
By Dominic Chopping
Norway's Aker Carbon Capture ASA said Thursday that it has
signed a non-exclusive memorandum of understanding with the
Northern Lights joint venture to collaborate on realizing carbon
capture and storage projects in Norway and across Europe.
The carbon-tech company said that together, the two companies
can offer a full value chain offering from carbon capture through
transport and storage.
The deal also seeks to optimize logistics and standardize
ship-shore interfaces, it added.
The Northern Lights joint venture is owned equally by Equinor
ASA, Shell PLC and TotalEnergies SE and is developing
infrastructure to transport CO2 from industrial emitters by ship to
a receiving terminal in western Norway for intermediate storage,
before being transported by pipeline for permanent storage in a
reservoir under the seabed. Operations are scheduled to start in
2024.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
February 17, 2022 04:40 ET (09:40 GMT)
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