Future Biogas – one of the largest UK producers of biogas, has signed a memorandum of understanding with Northern Lights for the development of carbon capture and storage (CCS). Future Biogas plans to build 25 biogas plants equipped with CCS and will use the Northern Lights infrastructure in Norway for liquefaction and storage.
The two companies plan to explore the possibilities of establishing cooperation in the development of a value chain for bioenergy with carbon capture and storage (BECCS). They will also work to assess potential carbon dioxide sources and look to scale CCS technologies over time. The initiation of CO2 audit trails will be a key focus of the collaboration.
“Biogas is a proven and reliable green alternative to fossil fuels. As a source of energy generated entirely in the UK, we can reduce the need for gas imports. Through our relationship with Northern Lights, Future Biogas aims to be one of the first green CO2 projects to permanently store CO2 underground,” said Philipp Lukas, CEO of Future Biogas.
Bioenergy With Carbon Capture And Storage Benefits
The company also sees bioenergy with carbon capture and storage (BECCS) as a key technology in the carbon circular economy that is needed to avoid the accumulation of additional emissions from energy production.
The biogas plant with CCS facilities are currently under construction and will be online in 2024. Initially, Future Biogas will supply 200,000 tons of CO2 per year. The company could also take advantage of carbon credits that could be issued for the carbon dioxide removal achieved or for the avoided emissions.
The MoU between the two companies represents an exciting new opportunity for the deployment of key carbon removal technology like CCS. They are increasingly being developed in Europe to handle the large amount of CO2 emissions that many industries across the region have to remove and sequester.