Norway announced that five companies have applied for carbon storage permits in the Norwegian Continental Shelf (NCS). Equinor, Neptune Energy Norge, Storegga Norge, Sval Energi and Wintershall Dea Norge submitted their documentation.
“The great interest in CO2 storage on the NCS is gratifying. The fact that we regularly receive applications to advertise areas and to store CO2 in these areas shows that our allocation policy is working as intended,” said Terje Aasland, Norwegian Minister of Petroleum and Energy, said.
The location for the CO2 storage sites is in the North Sea’s Trudvang area and will be the final destination of CO2 emitted by large European and UK industry companies.
To achieve this the carbon dioxide will be captured at industrial plants and facilities, liquified and transported via regional export terminals to an onshore receiving terminal in the south-west of Norway. There a pipeline leading to Trudvang will transport the carbon for its injection and storage.
An example of such an export terminal is the port of Antwerp-Bruges in Belgium which has started building up capacity to transport CO2 from large emitters in its home country and Germany.
Relevant: Sval Energi To Work With Neptune Energy And Storegga On Norwegian CO2 Storage Licence
Three of the companies involved in this round – Neptune Energy, Sval Energi and Storegga – have also applied to take part in the Trudvang project, which will potentially make the entire process more straightforward and
As it stands Norway has awarded licenses for four storage locations and it will now review this set of applications with the goal of providing a verdict by July, 2023.
The United Kingdom is also progressing with its own carbon storage site licensing. The Crown Estate, the UK’s largest landowner and administrator of its shelf, sent out a survey to potential developers earlier this week in order to make the process of application and approval faster.
Read more: Horisont Energi, Neptune Energy, and E.ON To Work On EU-focused Carbon Capture Project