TotalEnergies's Carbon Storage Venture Gets First Customer
29 Agosto 2022 - 8:24AM
Dow Jones News
By Pierre Bertrand
TotalEnergies SE on Monday said that its carbon dioxide capture
and storage venture, Northern Lights, has secured its first
commercial agreement from Yara International ASA.
Starting in early 2025, 800,000 tons of carbon dioxide a year
from Yara's Sluiskil ammonia and fertilizer plant will be captured,
compressed, and liquefied in the Netherlands before being
transported and permanently stored more than two kilometers under
the seabed off the coast of Norway, the French energy company
said.
Northern Lights is a CO2 storage venture owned in equal shares
by TotalEnergies, Equinor ASA and Shell PLC. It allows for the
transportation and storage of CO2 emissions from European industry
to boost the continent's decarbonization initiatives, TotalEnergies
said.
The venture's Phase 1 installations are expected to be
operational by 2024 and will have the ability to handle 1.5 million
tons of CO2 a year. In future expansions, its capacity could
increase to up to 5 million tons a year, TotalEnergies said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
August 29, 2022 02:09 ET (06:09 GMT)
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