Aker Carbon Capture – the leader in carbon capture development and Northern Lights JV – the carbon capture and storage infrastructure joint venture, have signed a non-exclusive Memorandum of Understanding (MoU) to collaborate on the realization of carbon capture and storage (CCS) projects in Norway and across Europe.
The two companies together possess the capabilities to offer the full value chain from carbon capture through transport and storage. Their agreement also aims to help them optimize logistics and standardize ship-shore interfaces.
The Northern Lights is an ambitious project owned equally by Equinor ASA, Shell PLC and TotalEnergies SE. It is an open-source infrastructure to transport CO2 from industrial emitters by ship to a receiving terminal in western Norway for intermediate storage via a pipeline in a reservoir under the seabed. The project is planned to start in 2024.
The long-term scenario of the Northern Lights project is to spin across countries like Sweden, France, Denmark, Germany, Belgium and Poland and together with clusters along the North Sea and Baltic Sea coasts to capture significant volumes of CO2 and transport them for permanent storage.
The collaboration now between Northern Lights and Aker Carbon Capture would build on learnings from the Longship project and enable the accelerated deployment of carbon capture projects across Europe. The combined technical concept of Aker Carbon Capture’s technology and the CO2 transport and storage capabilities of Northern Lights would allow emitters full access to the offerings of the carbon capture service.
“Northern Lights is a first-mover in enabling open-source CO2 transport and storage infrastructure across north-west Europe. With operations starting in 2024 they are an essential player in enabling the accelerated deployment of the CCS industry. Their ambitious plans link very well with Aker Carbon Capture’s ambition to have 10 million tons of CO2 on contract by 2025. Together with Northern Lights and with our ‘Carbon Capture as a Service’ offering, we can now develop source-to-storage decarbonization on a pay-per-ton of captured CO2 model,” said Jon Christopher Knudsen, Chief Commercial Officer of Aker Carbon Capture.