Equinor will be able to store around 5 MMmt/y of CO2 when the facilities are in operation on the Norwegian Continental Shelf. (Source: Ole Jørgen Bratland/ ©Equinor)
Norway-based Equinor has added to its list of carbon-capture projects in Europe.
The company announced June 20 that the Norwegian Ministry of Energy awarded it two licenses to operate two CO2 storage basins in the North Sea. Equinor will be able to store around 5 MMmt/y of CO2 when the facilities are in operation on the Norwegian Continental Shelf.
The government of Denmark also awarded Equinor, in partnership with Ørsted and Nordsøfonden, a permit to begin exploration for an onshore storage facility. The reservoir will be 1,400 meters below ground with the potential to store up to 12 MMmt/y of CO2.
The Denmark license is near Ørsted’s shipping and storage terminal Kalundborg CO2 hub. At the site, the Danish energy company is constructing a CO2 capture facility at a power plant that will be operational in two years.
“To mature more CO2 storage capacity aligns with our ambition of having 30 [million tons] to 50 million tons of CO2 transport and storage capacity per year by 2035,” said Grete Tveit, Equinor’s senior vice president for low carbon solutions.
The announcements came three days after Equinor announced another CCUS project in France. The company is developing a CO2 transport line with a French midstream firm.
Recommended Reading
Pinnacle Midstream Execs Form Energy Spectrum-Backed Renegade
2025-02-03 - Renegade Infrastructure, led by Permian-centric Pinnacle Midstream developers Drew Ward and Jason Tanous, have received a capital commitment from Energy Spectrum Partners.
BKV Appoints Dilanka Seimon to New Chief Commercial Officer Position
2025-04-03 - BKV Corp. has created a new chief commercial officer position and placed industry veteran Dilanka Seimon in the role.
Velocity Management Invests in Pipeline Builder M Wright Services
2025-01-16 - Velocity Management Advisors has made a minority investment in M Wright Services and three of Velocity’s partners will join the construction firm’s board.
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
2025-02-04 - Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
Q&A: Where There’s a Williams, There’s a Way for Gas
2025-04-09 - Midstream giant Williams Cos. leads the natural gas bulls on the great infrastructure buildout, President and CEO Alan Armstrong tells Hart Energy.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.