Floating LNG options service provider Höegh LNG and also the Norwegian oil and also gas company Aker BP have actually gotten in a critical collaboration to create a “fully comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe.”
“The agreement combines the companies’ respective strengths, expertise, and technologies to establish a strong value chain for CCS on the Norwegian Continental Shelf that includes gathering, transporting and securely injecting CO2 for permanent storage in subsea reservoirs,”
Höegh LNG stated.
“Höegh LNG welcomes the opportunity to join forces with Aker BP and deliver a large scale, one-stop shop CCS value chain to industrial emitters before 2030. Together we will provide market-leading solutions for decarbonizing at a low unit cost, contributing to the energy transition in Europe, said Erik Nyheim, CEO of Höegh LNG.
“We expect CCS to play a key role in the transition to a low-carbon energy future. This partnership reflects our ambition to advancing CCS solutions by combining Aker BP’s strengths in subsurface understanding and large-scale project development with Höegh LNG’s technical expertise in the LNG sector” stated Karl Johnny Hersvik, CHIEF EXECUTIVE OFFICER of Aker BP.
Höegh LNG will certainly spearhead the more advancement of its principle of Floating CARBON DIOXIDE Storage Units (FCSO) making it possible for filtration and also accumulating carbon dioxide from several emitters in crucial export centers. Such systems will certainly make it feasible to use expense effective options likewise to smaller sized emitters that would certainly or else not have the ability to create options by themselves, the firm stated.
The liquified carbon dioxide will certainly be carried by carbon dioxide Shuttle Tankers at reduced stress, that causes bigger transport capability and also reduced carbon dioxide system expense because of range. Aker BP will certainly lead the advancement of Offshore Injection Facilities and also recognize appropriate subsea tanks for carbon dioxide storage space.
Höegh LNG and also Aker BP will certainly interact to open prospective brand-new company chances for carbon dioxide transport and also storage space options, within the Norwegian Continental Shelf, for carbon dioxide caught from several recognized commercial emitters in North-West Europe
By participating in this contract, Aker BP and also Hoegh LNG are teaming up as critical companions to create seaborne transport and also shot options for carbon dioxide.
According to Rystad Energy, the transport of co2 (CARBON DIOXIDE) is requiring to the seas as emitters try to find versatile means to relocate caught carbon to overseas storage space tasks, with a fleet of 55 service providers needed by 2030.
Based on organized carbon capture tasks, Rystad forecasts that greater than 90 million tonnes per year (tpa) of carbon dioxide will certainly be delivered by the end of the years, quantities calling for 48 terminals to manage the import and also export of the gas.