Market For CO2 Transport And Storage Evolving Rapidly

Credits: Muhammed Zahid Bulut/ Pexels

Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has signed a deal that paves the way for the acceleration of the development of a commercial market for the transport and storage of CO2. Namely, the JV, which is developing a carbon capture and storage project located in the North Sea, has signed a contract with renewable energy company Ørsted on CO2 transport and storage.

Bioenergy Production 

Under the terms of the deal, Northern Lights will transport 430,000 tonnes of biogenic CO2 annually from the Ørsted Kalundborg Hub in Denmark to a specialized CO2 receiving terminal at Øygarden, Norway. Biogenic CO2 refers to emissions derived from bioenergy production, resulting from the release of absorbed CO2 from biomass sources like wood or organic waste. Namely, Ørsted was awarded public funding from the Danish Energy Agency under the first Danish tender of the CCUS Fund to develop a CO2 capture hub for the biomass power stations Asnæs and Avedøre.

The liquefied biogenic CO2 will be temporarily held in onshore tanks at Øygarden before being injected into an offshore reservoir via a pipeline. This permanent storage solution lies an impressive 2,600 meters beneath the seabed. Northern Lights said that it would transport the liquefied CO2 by ship for permanent offshore storage below the North Sea.  

Liquefied CO2

The company is building two LNG-powered, wind-assisted LCO2 transportation ships at Dalian Shipbuilding Industry Co. (DSIC) yard in China. The vessels are specifically designed to transport liquefied CO2 in purpose-built cargo tanks from industrial emitters in Norway and Europe to the onshore receiving facilities in Øygarden, Norway. The ships will have a cargo capacity of 7,500 cbm, a length of 130 meters, and will be operated by K LINE on behalf of Northern Lights.

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Source: Offshoreenergy


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