Carbon dioxide emissions from waste incineration units in London will be buried hundreds of metres beneath the North Sea, thousands of kilometres away in Norway, says an article published in Financial Post.
Carbon capture
Cory, a waste management and recycling firm based in the United Kingdom, wants to capture emissions at plants in London and transport them in liquid form on the River Thames to a North Sea pipeline terminal that will connect to Norwegian infrastructure.
According to a statement from the Norwegian government, the agreement was signed as a memorandum of understanding with Norway’s Northern Lights carbon capture and storage project.
Permanent underground storage
Norway is attempting to establish itself as a carbon storage leader by using its oil and gas expertise to provide permanent underground storage to businesses across Europe.
Although the technology is not yet commercially available, it is expected to play a significant role in attempts to combat global warming in the coming years.
Cross-border transport
According to the agreement, the Nordic nation would store around 1.5 million metric tonnes of CO2 in a reservoir more than 2.5 kilometres (1.6 miles) beneath the North Sea seabed by the end of the decade.
The Northern Lights project will be the first cross-border carbon transport and storage infrastructure network when it begins operations in 2024.
Statement
Cory’s concept was presented to Prime Minister Jonas Gahr Store and UK Secretary of State for Business, Energy and Industrial Strategy Kwasi Kwarteng on Friday in the Norwegian Embassy in London.
The message did not include any financial information.
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Source: Financial Post
