{"id":66420,"date":"2019-09-19T06:59:57","date_gmt":"2019-09-19T04:59:57","guid":{"rendered":"https:\/\/rss.nova-institut.net\/public.php?url=https%3A%2F%2Fwww.euractiv.com%2Fsection%2Fenergy-environment%2Fnews%2Fnorways-carbon-storage-project-boosted-by-european-industry%2F"},"modified":"2021-09-09T21:27:08","modified_gmt":"2021-09-09T19:27:08","slug":"european-cooperation-on-carbon-capture-and-storage","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/european-cooperation-on-carbon-capture-and-storage\/","title":{"rendered":"European cooperation on carbon capture and storage"},"content":{"rendered":"<p><strong>Equinor has, on behalf of the partners of the Northern Lights project, signed memoranda of understanding with seven European companies to develop value chains in carbon capture and storage.<\/strong><\/p>\n<div class=\"BorlabsCookie _brlbs-cb-youtube\"><div class=\"_brlbs-content-blocker\"> <div class=\"_brlbs-embed _brlbs-video-youtube\"> <img class=\"_brlbs-thumbnail\" src=\"https:\/\/renewable-carbon.eu\/news\/wp-content\/plugins\/borlabs-cookie\/assets\/images\/cb-no-thumbnail.png\" alt=\"YouTube\"> <div class=\"_brlbs-caption\"> <p>By loading the video, you agree to YouTube's privacy policy.<br><a href=\"https:\/\/policies.google.com\/privacy?hl=en&amp;gl=en\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Learn more<\/a><\/p> <p><a class=\"_brlbs-btn _brlbs-icon-play-white\" href=\"#\" data-borlabs-cookie-unblock role=\"button\">Load video<\/a><\/p> <p><label><input type=\"checkbox\" name=\"unblockAll\" value=\"1\" checked> <small>Always unblock YouTube<\/small><\/label><\/p> <\/div> <\/div> <\/div><div class=\"borlabs-hide\" data-borlabs-cookie-type=\"content-blocker\" data-borlabs-cookie-id=\"youtube\"><script type=\"text\/template\">PHA+PGlmcmFtZSBsb2FkaW5nPSJsYXp5IiBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUtbm9jb29raWUuY29tL2VtYmVkL3BBQWIxUzRicWtzIiB3aWR0aD0iNTYwIiBoZWlnaHQ9IjMxNSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT48L3A+<\/script><\/div><\/div>\n<p>Equinor, in cooperation with its partners Shell and Total, is studying the possibilities for developing a CO<sub>\u2082<\/sub> storage on the Norwegian continental shelf (NCS).<\/p>\n<p>The Northern Lights project includes transport, reception and permanent storage of CO\u2082 in a reservoir in the northern part of the North Sea. The storage project is part of the Norwegian State\u2019s demonstration project \u00abFull-scale CO<sub>\u2082<\/sub> handling chain in Norway\u00bb.<\/p>\n<p>Memoranda of understanding have been signed with, Air Liquide, Arcelor Mittal, Ervia, Fortum Oyj, HeidelbergCement AG, Preem, and Stockholm Exergi. According to the agreements the parties will cooperate on possible CO<sub>\u2082<\/sub> handling at relevant third-party\u2019s premises and on transport to the Northern Lights project. The memoranda of understanding imply that the parties will:<\/p>\n<ul>\n<li>Evaluate solutions for CO<sub>\u2082<\/sub> deliveries and transport.<\/li>\n<li>Develop a timeline for possible final investment decision and start of operations.<\/li>\n<li>Cooperate on the CCS dialogue with national authorities and the EU.<\/li>\n<\/ul>\n<p>\u201cCarbon capture and storage will be vital to reach the global climate goals of the Paris Agreement. Sustainable carbon capture and storage projects can only be developed in cooperation between governments and companies. We are therefore very pleased that the Northern Lights partners and leading European companies are taking the first steps to realize a European CO<sub>\u2082<\/sub> transport and storage system,\u201d says Eldar S\u00e6tre, president and CEO of Equinor.<\/p>\n<p>Final binding commercial agreements will depend on positive investment decisions for the Northern Lights project, the Norwegian State\u2019s full-scale carbon capture and storage project and for third-party projects.<\/p>\n<p>The partners are currently reducing costs and further developing the Northern Lights project aiming for an investment decision in 2020.<\/p>\n<p>\u201cWe are also cooperating with the authorities to establish a commercial framework enabling us to pursue the project,\u201d says Sverre Over\u00e5, project director for the Northern Lights project.<\/p>\n<p>More than 150 people from Equinor, Total and Shell are currently involved in the Northern Lights project. At the end of 2019, the partnership plans to drill a confirmation well for CO<sub>\u2082<\/sub> storage in the Johansen formation covered by the Aurora licence (EL001) to study the reservoir\u2019s suitability and capacity for CO\u2082 storage. Earlier this year the authorities decided to help fund the work on this well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equinor has, on behalf of the partners of the Northern Lights project, signed memoranda of understanding with seven European companies to develop value chains in carbon capture and storage. By loading the video, you agree to YouTube&#8217;s privacy policy.Learn more Load video Always unblock YouTube Equinor, in cooperation with its partners Shell and Total, is [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572,5571],"tags":[10744,12296,12330],"supplier":[15391,647,576],"class_list":["post-66420","post","type-post","status-publish","format-standard","hentry","category-bio-based","category-co2-based","tag-carboncapture","tag-ccs","tag-ccu","supplier-equinor-asa","supplier-shell-group","supplier-total"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/66420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=66420"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/66420\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=66420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=66420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=66420"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=66420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}