Saipem, Elkem Form Decarbonisation Pact

Italian oilfield services firm Saipem said on March 2 it had agreed to help Norwegian metals and materials manufacturer Elkem realise its carbon-neutral ambitions by developing a CO₂ capture plant.

Saiepm will employ CO₂ capture technology acquired last year from Canada's CO₂ Solutions for the plant, which will also be able to liquefy CO_2, ready for shipment to the Equinor-led Northern Lights storage project. Saipem is already involved in Northern Lights, having recently completed a feasibility study on CO₂ subsea transport.

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"Decarbonisation represents one of the major avenues for the energy transition, together with hydrogen and renewable energies and, of course, gas which will be the commodity that will accompany us for the next few years," Saipem COO Maurizio Coratella said. "This is why we are increasingly setting our sights on collaborations in the sector, such as this one with Elkem which will allow us to present our bio-catalysed technology for the benefit of the production of zero impact metals."

 Northern Lights will initially store 1.5mn metric tons/year of CO₂ emitted from industries in Norway and other European countries, rising to 5mn mt/yr at a later stage. CO₂ will be transported in liquid form via ships to an onshore terminal in Oygarden and then delivered via pipeline for injection under the seabed.