Aker Carbon Capture, Northern Lights team up to develop CCS market
Norway's Aker Carbon Capture and the joint venture developing the Northern Lights CO2 storage project have joined forces to spur the creation of a market for carbon capture and storage (CCS) in Europe, they said on February 17.
"Together, the two companies represent a full value chain offering from carbon capture through transport and storage," they said.
Aker Carbon Capture was established as a pure play CO2 capture developer by Norwegian industry group Aker in 2020. Northern Lights, involving Equinor, Shell and TotalEnergies, is expected to start storing up to 1.5mn metric tons/year from 2024 under its first stage, and its capacity is set to increase to 5mn mt/yr or more under a second.
The Northern Lights group recently awarded contracts relating to the project to Schlumberger, PGS and Transocean.