Fertilizer maker Yara mentioned on Monday it has signed a binding settlement to seize CO2 emissions from its Dutch ammonia plant and transport it to the Norwegian North Sea for storage deep beneath the seabed.
The carbon seize and storage venture (CCS) will reduce annual emissions of CO2 by 800,000 tonnes over a 15 yr interval, the Norwegian firm mentioned in a press release.
When the operation begins in 2025, it’s anticipated to be the primary time that CO2 from one nation is transported throughout borders for storage by one other, Yara mentioned.
The CO2 will likely be liquefied and shipped by Northern Lights, an organization owned by Equinor EQNR.OL, TotalEnergies, and Shell, from the Sluiskil plant to everlasting storage on Norway’s continental shelf, 2.6 km (1.6 miles) underneath the seabed.
“This is a milestone for decarbonizing hard-to-abate industry in Europe and for Yara it’s an important step towards decarbonizing our ammonia production, product lines, and the food value chain at large,” Yara CEO Svein Tore Holsether mentioned.
(Reuters – Reporting by Terje Solsvik, enhancing by Essi Lehto)
