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Search resuls for: "Longship"


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The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Offshore carbon capture and storage (CCS) refers to a range of technologies that seek to capture carbon from high-emitting activities, transport it to a storage site and lock it away indefinitely under the seabed. Storage tanks at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Bloomberg | Bloomberg | Getty ImagesNorway has a long history of carbon management. Bloomberg | Bloomberg | Getty Images"There is definitely a public acceptance risk to storing CO2 onshore.
Persons: Terje Aasland, Aasland, Norway's Aasland, Børre Jacobsen, , Jacobsen Organizations: Equinor ASA, Shell Plc, Bloomberg, Getty, Norway's Energy, CCS, Institute for Energy Economics, Workers, Northern Lights, Shell, Northern, Venture, CNBC, videoconference Locations: Blomoyna, Norway, Europe, videoconference, Brevik, Norwegian, Sleipner, U.S, Norway's, Longship
"New cost calculations show that we cannot implement the original plans for the carbon capture project within the existing budget," Knut Inderhaug, head of project operator Hafslund Oslo Celsio, said in a statement. Investment costs for the Klemetsrud waste plant, which are being subsidised by both the Oslo city council and the Norwegian government, were initially set at 5.5 billion Norwegian crowns ($518.88 million). Celsio was also in contact with municipal and state stakeholders over how best to realise the project. The CO2 captured at Klemetsrud is part of Norway's prestigious Longship carbon capture and storage (CCS) project, which also includes carbon capture at a cement plant and the Northern Lights transport and storage project. Klemetsrud was expected to capture round 400,000 tonnes of carbon dioxide annually, corresponding to 14% of Oslo's overall emissions of greenhouse gases.
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