12/27/2022
In December, Northern Lights received the first 7 of 12 onshore tanks for intermediate CO2 storage; a little earlier, on November 10, well drilling operations were concluded and the official steel cutting ceremony launching the construction of the future ships took place on November 21 at Dalian Shipbuilding Industry Co. Ltd, in China. Where do we stand regarding this project? Let’s have a look back over it!
But first, what is Northern Lights? In Norway, the Company, together with Equinor and Shell, launched Northern Lights, the first large-scale carbon transport and storage project. Approved by the Norwegian government in 2020, the project is currently in the construction phase. It will allow industrial emitters in Norway and elsewhere in Europe to store their emissions.
Outside of Northern Lights, in the CCS (Carbon Capture and Storage) field, the Company:
- is working with its partners on the Northern Endurance Partnership transport and storage project, which aims to decarbonize the Teesside and Humberside industrial regions.
- In the United Kingdom, the Company is working with its partners on the Northern Endurance Partnership transport and storage project, which aims to decarbonize the Teesside and Humberside industrial regions.
The 2021 budget for the entire CCS system was $100 million and TotalEnergies is now aiming to expanding storage capacity of about 10 Mt CO2/year by 2030.
The Company has also applied to the Danish Energy Agency for a license to explore CO2 storage potential in the Danish North Sea.