Norway funds first global carbon capture and storage project

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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 world’s first carbon capture and storage project ( CSC) on a large scale.The project is named Longship after the Viking ships.

The Norwegian government will fund the following:

  • A carbon capture project at a cement plant in southern Norway, which is operated by Heidelberg Cement in Germany.
  • A project at a waste incineration plant in Oslo which is operated by the Finnish state-owned energy company Fortum (if Fortum can find external financial support and Norway wants the EU’s help). Fortum says on its website that the project “can remove 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 catchment at an onshore facility on the west coast of Norway at Ƙygarden in Vestland County for temporary storage. Northern Lights will then transport the CO2 via a pipeline to an underwater reservoir in the North Sea. The three oil giants are responsible for planning the storage facility in the North Sea.

Norwegian Prime Minister Erna Solberg said it was a “milestone” 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[via[via[viaOffshore engineer]:

Building little by little in collaboration with the industry has been important for us in order to be sure that the project is feasible. This approach worked well and we now have a basis for decision. 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 it works has a great explainer 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

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