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    canada shipping

    Grounded vessel in Ontario causes traffic disturbance

    ClassNK: Addressing the growing threat of cargo losses at sea

    ClassNK: Addressing the growing threat of cargo losses at sea

    Safety Flash

    Lessons learned: Don’t let your ‘Can Do’ attitude lead you into a dangerous position

    Explosion leads to crew evacuation in the Romanian port of Sulina

    Explosion leads to crew evacuation in the Romanian port of Sulina

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    Practicing gratitude can change your life

    Practicing gratitude can change your life

    Always do what your gut tells you: Keep it healthy

    Always do what your gut tells you: Keep it healthy

    Book Review: A role model for ship managers

    Book Review: How we perceive and deal with luck in life and business

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    Stay SEAFiT: Time for social media detox

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    New agreement to develop carbon carriers for CCS projects Malaysia

    New agreement to develop carbon carriers for CCS projects Malaysia

    Suez Canal, Shell consider alternative fuel bunkering

    Suez Canal, Shell consider alternative fuel bunkering

    New technologies aim up to 80% carbon capture

    New technologies aim up to 80% carbon capture

    ammonia

    ITOCHU and Peninsula to develop ammonia bunkering in Spain

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    IUMI explores the implications of digitalization on marine insurance

    IUMI explores the implications of digitalization on marine insurance

    UK-Singapore consortium achieves world’s first fully-digitalised shipment

    UK-Singapore consortium achieves world’s first fully-digitalised shipment

    K Line, TIS, Miotsukushi to develop AI-powered automatic draft survey application

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    Crude oil tanker to pay 88 crores for damaging Haldia oil jetty

    China conducts ballast water inspections to vessels arriving from Japan

    China conducts ballast water inspections to vessels arriving from Japan

    M/V “HAKSA” refused access to the Paris MoU

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    Nautilus and Swiss Shipowners try to save the Swiss flag

    UN High Seas Treaty enters into force after an 81-party ratification

    UN High Seas Treaty enters into force after an 81-party ratification

    World’s first trans-Pacific green shipping corridor unveiled

    World’s first trans-Pacific green shipping corridor unveiled

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    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

    Seafarer Stories: Capt. Cristian Bacanu, Master

    Seafarer Stories: Capt. Cristian Bacanu, Master

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    Wellness Corner: Tom O’Hare, Mission to Seafarers

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SAFETY4SEA

Norwegian carbon capture and storage project approved

by The Editorial Team
July 21, 2020
in Green Shipping
decarbonization

Credit: Shutterstock

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ESA approved a Norwegian Full-Scale Carbon Capture and Storage project. The support include an up to €2.1bn in aid to meet climate goals.

The CCS Full-Scale project is a central part of Norway’s efforts to reduce its carbon footprint and meet the European goal of climate-neutrality by 2050. It is the largest single state aid award ever approved by the EFTA Surveillance Authority (ESA).

Carbon Capture and Storage (CCS) has been recognised by the European Union as key to reducing the harmful environmental effects of carbon-intensive sectors (such as construction), where emissions are difficult to avoid.

By supporting the project, Norway aims to facilitate further scaling up of CCS globally, by sharing knowledge and experience. The project will establish infrastructure for capture, transport and storage of CO2 emissions that can pave the way for future investments, innovation and technology in CCS as a climate-change mitigation tool.

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The approved project would allow for the establishment of carbon capture facilities at Norcem, a cement factory in Brevik, and Fortum Oslo Varme, a Waste-to-Energy plant. The captured CO2 is then to be transported and stored deep below the seabed in the North Sea. This part of the process is to be carried out by a joint venture between Shell, Total and Equinor, known as Northern Lights.

The Full-Scale CCS Project promises to become the first of its kind to go live in Europe. It has a budget of up to EUR 2.57 billion (NOK 27.6 billion), which will cover construction and 10 years of operation. The Norwegian government would cover around 80% of the project’s estimated budget.

Tags: carbon storageEUgreen practicesNorway
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