Norway: Siltanews – News Desk
Northern Lights is the first project in the world allowing industrial companies to transport and sequester their CO2 emissions. The project is owned in equal shares by TotalEnergies, Equinor and Shell. Operational since September 2024, the Phase 1 installations can store to 1.5 million tons of CO2 per year.
TotalEnergies is aiming to develop a CO2 storage capacity (CCS) of more than 10 million tons by 2030, both for its own facilities and for its customers. Europe has a central role to play in the Company’s CCS strategy, especially the North Sea where the Company can harness its status as a long-standing operator as well as its recognized operational and geological skills. Together with Equinor and Shell, we are developing Northern Lights, the first large-scale CO2 transport and storage project off the Norwegian coast.
Approved by the Norwegian government in 2020 and designated as a Project of Common Interest (PIC(1)) by the European Union, Northern Lights aims to transport, receive and store CO2 in geological layers buried at approximately 2,600 meters below the seabed in the Northern North Sea. The goal is to help European industrial companies reduce their CO2 emissions.
Northern Lights can receive and store CO2 since September 2024. It offers a safe and reliable shipping and storage service to industrial emitters across Europe, with a storage capacity of 1.5 million tons of CO2 per year during Phase 1 of the project. In response to growing interest in these services from several industrial sectors, additional shipping and storage capacities up to 5 million tons per year will be developed as demand increases.