Norway launches flagship large-scale carbon seize and storage venture – The Instances of India

Norway on Tuesday launched a flagship carbon seize and storage (CCS) venture, a know-how seen as essential to curbing local weather change however struggling to discover a viable financial mannequin.Bearing the English title for the Vikings’ picket ships, the Longship venture includes capturing carbon dioxide emitted from a cement plant and later from an incineration plant, transporting it by ship to a terminal on Norway’s west coast, after which injecting and storing it beneath the seabed.The venture has acquired important monetary assist from the Norwegian state, which can cowl 22 billion kroner ($2.2 billion) of the full estimated value of 34 billion kroner for the set up and operation over the primary 10 years.Norway has offered Longship because the “world’s first full-scale worth chain” for seize and storage of carbon within the greenhouse gases that trigger dangerous local weather change.“This isn’t simply an essential second for Norway, it’s a breakthrough for carbon seize and storage in Europe,” Norwegian Power Minister Terje Aasland stated.For the seize element, the ability can be formally inaugurated Wednesday at a cement plant operated by Germany’s Heidelberg Supplies in Brevik, southeastern Norway.It’s going to stop 400,000 tonnes of CO2 from escaping into the ambiance every year.One other a part of the venture, the Hafslund Celsio waste incineration plant close to Oslo, can be anticipated to seize 350,000 tonnes of CO2 beginning in 2029.The liquefied carbon dioxide can be transported by ship to the Oygarden terminal close to Bergen, the place it is going to be injected right into a pipeline to be saved 110 kilometres (68 miles) offshore in a saline aquifer 2.6 kilometres beneath the seabed.The terminal has been in place since final 12 months as a part of the Northern Lights venture — led by oil giants Equinor, Shell and TotalEnergies — which claims to be “the world’s first business CO2 transport and storage service”.Backed by the UN’s Intergovernmental Panel on Local weather Change (IPCC) as a method of lowering the carbon footprint of industries onerous to decarbonise, similar to cement and metal, CCS know-how stays advanced and costly.With out monetary help, it’s presently extra worthwhile for industries to buy “air pollution permits” on the European carbon market than to pay for capturing, transporting and storing their CO2.The whole international carbon seize capability presently quantities to solely about 50 million tonnes, in accordance with the Worldwide Power Company, equal to only 0.1 per cent of worldwide annual emissions.