Gothenburg and Sweden could be the first in the world to create a joint infrastructure for the transport of liquefied carbon dioxide extracted using CCS technology.
A consortium of Belgian and Dutch companies including the LNG player Fluxys is taking the first step towards CO2 capture and storage, to reduce CO2 emissions in North Sea Port, the Belgian-Dutch area covering the port of Ghent in Belgium and the ports of Terneuzen and Vlissingen in the Netherlands.
The oil major players, Equinor, Shell and Total recently shake their hands and agreed to invest in Norway’s first exploitation licence for CO₂ storage, called as “Northern Lights project”.
The European Union is prepared in principle to provide a subsidy for the Porthos project on storage of CO2 from industry in Antwerp, Ghent, Zeeland and Rotterdam beneath the North Sea. This is according to the list of energy projects that the European Parliament approved on Wednesday.
Lloyd’s Register John McCurry highlights the importance of developing carbon capture and storage, after withdrawal of UK funding in 2015, and its positive impact on the environment. Carbon capture and storage (CCS) divides the CO2 produced by industry, compresses it for transportation, and permanently stores it in rock formations. Also, it stops carbon emissions from entering the atmosphere and plays a key role in climate change.
On 20 January, the Italian energy company Eni along with the international oil company ADNOC, shake their hands and inked a strategic framework agreement. Through their collaboration both companies will further explore new opportunities in carbon capture utilization and storage (CCUS).
Lloyd’s Register conducted a report for the UK’s Oil and gas Authority (OGA) in efforts to explore the country’s upstream opportunities to cut its GHG emissions, amid its announcement in becoming the first major economy to pass a net zero law for greenhouse gas emissions.
In line its “Technology Outlook 2030” report, DNV GL focuses on the mitigation of CO2 emissions and how the industries can deal with, looking for ways to recycle CO2, capture the emissions and store them, proposing the launch of negative emissions technologies to tackle the issue.
A group of shipping partners, including NYK, Sovcomflot, Knutsen OAS and Ardmore, ship builders, including DSME, and the mining company Vale, are cooperating with Danish Maritime Development Centre to develop an onboard carbon capture and storage solution, in a project called decarbonICE.
Equinor signed Memoranda of Understanding with seven European companies to develop value chains in carbon capture and storage. Equinor is collaborating with Shell and Total to find out the possibilities for developing a CO2 storage on the Norwegian continental shelf (NCS).
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