Storing CO2 is now a business and the first submarine reservoir is in Europe

Europe already has its first large underwater warehouse of carbon dioxide. The Northern Lights projectdriven by equinor, Shell and totalenergies, just Inject the first tons of CO2 in a reservoir located 2,600 meters under the seabed on the western coast of Norway.

Why is it important. Carbon capture and storage (CCS) is emerging as one of the few ways to reduce emissions in difficult sectors of decarbonizesuch as cement production, steel or energy from waste. Until now, these technologies looked as experimental or too expensive. With this project, Europe thus opens a commercial system for CO2 transport and storage. As assured Anders Opedal, CEO of Equinor, “This demonstrates the viability of carbon storage as a scalable industry.”

In detail. The stored CO2 comes from the cement of Heidelberg Materials in Brevik, south of Norway. After being liquefied and transported by boat until Øgarden, it was pumped by a 100 -kilometer pipeline to the submarine reservoir known as Aurora. The first phase of the project will inject 1.5 million tons per year of CO2, although this same year Northern Lights gave green light to an expansion of the project thanks to a commercial agreement with Stockholm Exergi.

A larger bet. The investment of 7.5 billion Norwegian crowns (about 740 million euros) will be the trigger for that expansion with a second phase that The capacity will increase More than 5 million tons per year from 2028. In addition to Stockholm Exergi, among the first clients is also the Danish Ørsted, the Dutch Yara and the Heidelberg Materials itself. “With the beginning of Northern Lights operations, we enter a new phase for the carbon storage industry in Europe,” affirmed Arnaud Le Foll, Vice President of Carbon Neutrality Business in Totalenergies.

And now what. Although it is of course a true turning point, the doubt remains in the air about whether the model will scaling enough to contribute in a real way to the climatic objectives that are proposed by Europe. Norway opens the way, but the key will be especially in how much business, and how much reduction of emissions, these reservoirs can generate in the coming years.

Cover image | Equinor

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