Norway announced today that it will fund 16.8 billion crowns ($ 1.8 billion) out of an estimated total investment of 25.1 billion crowns for the first carbon capture and storage (CCS) project ) on a large scale in the world.
The project is named Longship after the Viking ships.
The Norwegian government will fund:
- A carbon capture project in a cement plant in southern Norway, operated by the German Heidelberg Cement.
- A project at a waste incineration plant in Oslo which is operated by the Finnish public energy company Fortum (if Fortum can find external financial support and if Norway wants EU help for it). Fortum says on its website that the project “can eliminate as much air pollution each year as that of 60,000 cars”.
The two facilities plan to capture around 400,000 tonnes of carbon dioxide emissions.
Longship will also include the Northern Lights Project, a joint venture between oil giants Equinor (EQNR.OL), Shell (RDSa.L) and Total (TOTF.PA) The Northern Lights project will transport liquid CO2 by ship from factories in capture at an onshore facility on the west coast of Norway, at Øygarden in Vestland County, for temporary storage. Northern Lights will then move the CO2 via a pipeline to an underwater reservoir in the North Sea. The three oil giants are responsible for planning the North Sea storage facility.
Norwegian Prime Minister Erna Solberg said it was an “important step” in the Norwegian government’s efforts to tackle climate change:
The project will lead to emission reductions and facilitate the development of new technologies and therefore new jobs.
Oil and Energy Minister Tina Bru said [via Offshore Engineer]:
Building little by little in collaboration with the industry has been important for us in order to be confident in the feasibility of the project. This approach worked well and we now have a basis for decision. The longship involves the construction of new infrastructure, and we are preparing the ground to connect other carbon capture facilities to a carbon storage facility in Norway. This approach is a climate policy that works.
Longship is the largest climate project ever in Norwegian industry. We will reduce emissions, not progress.
Want to learn more about how carbon capture works? How things work has a great explanation on the process. Just click on this link to learn more about the technology, which isn’t exactly new. Let us know what you think of carbon capture as a way to reduce emissions in the comments below.
Photo: Norwegian standard
FTC: We use automatic affiliate links which generate income. Following.
Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.