Equinor, Shell, Total to Invest in CO2 Storage Project
15 Maggio 2020 - 06:25PM
Dow Jones News
By Maitane Sardon
Energy majors Equinor, Shell and Total said Friday that they
will jointly invest in a project to store and transport CO2 in
Norway.
The project, called Northern Lights, is part of the Norwegian
government's goal to develop a full-scale carbon capture and
storage value chain in the Scandinavian country by 2024.
The companies said they will invest an initial amount of 6.9
billion Norwegian kroner ($676.7 million) and that the project will
be developed in two phases. During the first phase, up to 1.5
million tons of CO2 a year will be captured and stored.
The project has to receive a positive final investment decision
from the Norwegian government this year and will be operational in
2024.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
May 15, 2020 12:10 ET (16:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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