“The completion of the Northern Lights facility marks a significant milestone in advancing a global business model for carbon capture, transport, and storage (CCS). It creates a decarbonization value chain for European industry and energy, highlighting our role, alongside our partners, in developing low-carbon solutions for the energy transition,” said CEO Anders Opedal.
Large-scale CCS is crucial for the energy transition, offering a viable solution for large, hard-to-decarbonize industrial emitters that need to reduce their carbon footprint.
The Northern Lights project is part of Norway’s full-scale CCS initiative, Longship. This comprehensive project includes capturing CO2 from industrial sources, shipping liquefied CO2 to the Øygarden terminal, and then transporting it via pipeline to an offshore storage site beneath the North Sea seabed for safe, permanent storage.
“This project showcases the power of collaboration between authorities and industry, co-investing to minimize risks. Equinor has multiple CO2 transport and storage projects in our portfolio, both as an operator and partner. The Northern Lights value chain and the lessons learned from this project will be instrumental in scaling up future CCS efforts,” added Opedal.
