Norwegian energy company Equinor has been awarded licenses for two underground carbon dioxide storage sites on the Norwegian Continental Shelf (NCS), described as “important building blocks” in Norway’s CO2 transport and storage infrastructure (CCS) ambitions. Known as Smeaheia in the North Sea and Polaris in the Barents Sea, the two sites will serve as the storage sites for carbon dioxide captured from industrial customers.
Equinor, Shell, TotalEnergies, Gassco and classification society DNV announced a JIP to develop new marine solutions for the transportation of carbon dioxide without the use of pipelines. The CETO (CO2 Efficient Transport via Ocean) JIP will design a low-pressure ship and identify solutions to scale up carbon dioxide transportation volume, while reducing the associated risks, to support the development of opportunities in carbon capture and storage.
Saudi Aramco has signed five key agreements with leading French companies including a key deal to explore a hydrogen-powered vehicle business with Gaussin — a pioneer in clean and intelligent transport solutions. Aramco also signed four MoUs with French players Air Liquide, Alteia and Axens that aim to develop opportunities in carbon capture technology, artificial intelligence and local manufacturing.
Energy provider INEOS has announced that it will convert its large-scale petrochemicals plant and oil refinery in Grangemouth, Scotland, to run on hydrogen, at a cost of more than €1 billion, to enable it to achieve net zero carbon emissions by 2045.
Renewable energy company Drax has announced that it aims to source 80% of the construction materials and services needed to deliver its climate saving negative emissions technology, bioenergy with carbon capture and storage (BECCS) from the UK supply chain.