The transport capacity of the project is from 20 to 40 million tons of carbon dioxide per year – about 20% of the annual emissions of German industry.
Germany’s Wintershall Dea and Norway’s Equinor have agreed to collaborate on a carbon capture and storage (CCS) project in the North Sea. The energy companies announced this on Tuesday, August 30.
By 2032, a 900-kilometer pipeline is planned to transport CO2 from an energy hub in northern Germany to offshore storage facilities on the Norwegian continental shelf.
It is expected that the transport capacity of the project will be from 20 to 40 million tons of carbon dioxide per year – about 20% of the annual emissions of German industry.
The implementation of the plan should “develop technical and commercial solutions” for the development of cross-border CCS value chains in Europe, said Wintershall Dea CEO Mario Mehren. Companies will work with governments to “develop the legal and regulatory framework that makes this possible,” he added.
In certain situations, the transport and underground storage of carbon dioxide can begin even before the pipeline is completed. In this case, the CO2 is temporarily transported to the ships.
“This is a strong energy partnership that supports the need for European industrial clusters to decarbonize their activities,” said Equinor CEO Anders Opedal.
CO2 capture and storage is currently not possible in Germany – it is opposed by regional authorities. The collaboration between Wintershall Dea and Equinor will connect Germany – Europe’s largest emitter – to Norway, which has the largest CO2 storage potential in the EU.
It was previously reported that China has built a megaton-scale carbon capture facility. This will reduce carbon dioxide emissions by 1 million tons per year, which is equivalent to the impact of planting nearly 9 million trees.
Musk launched a program to convert carbon dioxide into fuel
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.