Northern Lights, a joint venture owned by Equinor, Shell and TotalEnergies, signed the world’s first commercial agreement on cross-border CO2 transportation and storage with Yara.⚡
Yara and Northern Lights have agreed on the main commercial terms to transport CO2 captured from Yara Sluiskil, ammonia, and fertilizer plant in the Netherlands, and permanently store it under the seabed off the coast of Norway. This is an essential step for the development of large-scale decarbonization of heavy industries to help meet climate ambitions.
From early 2025, 800,000 tonnes of CO2 will be captured, compressed, and liquefied in the Netherlands, and then transported by ship to the terminal for storage at 2,600 meters under the seabed on the Norwegian continental shelf.
With the volumes from Yara, phase 1 has reached full capacity and Northern Light JV is now working to mature phase 2 for final investment decision increasing the total capacity to 5-6 million tonnes CO2 per year.
Save the date for Shallow and Deepwater Mexico October 11-13, 2022 in Ciudad del Carmen, Campeche.
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