European energy giants form carbon storage alliance
Statoil, Shell and Total have formed a partnership that will see the three European energy companies develop a carbon storage facility on the Norwegian continental shelf (NCS).
The project, which is part of wider Norwegian government plans for carbon capture and storage (CCS), is estimated to reach a capacity of around 1.5 million tons of CO2 per year. Initially sequestered from onshore industrial facilities in eastern Norway, the CO2 will be transported by ship to a receiving terminal on the country’s west coast.
After being transferred to intermediate storage tanks, the CO2 will then be sent through a seabed pipeline to injection wells east of the Statoil-operated Troll gas field on the NCS. According to lead partner Statoil, the project could be the first in the world to receive industrial CO2 from several countries.
“Statoil believes that without carbon capture and storage, it is not realistic to meet the global climate target as defined in the Paris Agreement,” said Irene Rummelhoff, Statoil’s executive vice president for New Energy Solutions.
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