Aker Carbon Capture, Northern Lights team up to develop CCS market
SUMMARY
The pair want to provide a full value chain offering.
By Joseph MurphyPOSTED IN:
Norway's Aker Carbon Capture and the joint venture developing the Northern Lights CO2 storage project have joined forces to spur the creation of a market for carbon capture and storage (CCS) in Europe, they said on February 17.
"Together, the two companies represent a full value chain offering from carbon capture through transport and storage," they said.
Aker Carbon Capture was established as a pure play CO2 capture developer by Norwegian industry group Aker in 2020. Northern Lights, involving Equinor, Shell and TotalEnergies, is expected to start storing up to 1.5mn metric tons/year from 2024 under its first stage, and its capacity is set to increase to 5mn mt/yr or more under a second.
The Northern Lights group recently awarded contracts relating to the project to Schlumberger, PGS and Transocean.
