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Share Name Share Symbol Market Type
TotalEnergies SE EU:TTE Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 49.555 49.62 49.555 0.00 06:15:00

Aker Carbon Capture, Northern Lights JV to Collaborate on Carbon Capture and Storage Projects

17/02/2022 9:55am

Dow Jones News


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By Dominic Chopping

 

Norway's Aker Carbon Capture ASA said Thursday that it has signed a non-exclusive memorandum of understanding with the Northern Lights joint venture to collaborate on realizing carbon capture and storage projects in Norway and across Europe.

The carbon-tech company said that together, the two companies can offer a full value chain offering from carbon capture through transport and storage.

The deal also seeks to optimize logistics and standardize ship-shore interfaces, it added.

The Northern Lights joint venture is owned equally by Equinor ASA, Shell PLC and TotalEnergies SE and is developing infrastructure to transport CO2 from industrial emitters by ship to a receiving terminal in western Norway for intermediate storage, before being transported by pipeline for permanent storage in a reservoir under the seabed. Operations are scheduled to start in 2024.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

February 17, 2022 04:40 ET (09:40 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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