PARIS (Agefi-Dow Jones)–TotalEnergies announced on Monday the signing of a commercial agreement between the Northern Lights project, equally owned by the energy producer, its Norwegian counterparts Equinor and British Shell, and the Norwegian chemical company Yara for the transport and sequestration of carbon dioxide (CO2) captured at the site of Yara Sluiskil, an ammonia and fertilizer plant located in the Netherlands.
“From the beginning of 2025, 800,000 tonnes of CO2 per year will be captured, compressed and liquefied in the Netherlands, then transported to the Northern Lights site, in order to be definitively sequestered there in geological layers buried at around 2,600 meters below the seabed, off Øygarden, in the Norwegian North Sea,” TotalEnergies said in a statement.
“TotalEnergies aims to develop a capacity of more than 10 million tonnes per year of CO2 storage by 2030, including storage for its own facilities as well as the storage offer for its customers, in line with our ambition. to achieve carbon neutrality by 2050, together with society,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies, quoted in the group’s press release.
-Vincent Alsuar, Agefi-Dow Jones; +33 (0)1 41 27 47 39; [email protected] ed: VLV
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August 29, 2022 01:45 ET (05:45 GMT)