Northern Lights JV

How does CO2 storage work? CO2 storage utilises the same trapping mechanisms that has kept oil and gas underground for millions of years. Captured and liquefied CO2 will be shipped to the Northern Lights receiving terminal before transported by pipeline to the geological storage site 110 km offshore.    Here, the CO2 is pumped through an injection well into the reservoir 2.6 km under the seabed. The reservoir consists of layers of porous rock currently filled with salt water and a sealing layer of caprock that ensures CO2 containment. When the CO2 is injected, it will displace the salt water and get structurally trapped in the porous rock where it will be retained for thousands, potentially millions of years.   Essentially, we are putting carbon back where it belongs! #NorthernLightsCCS #CO2Storage #CarbonManagement

Increasing demand for CCS services in Europe! This year Northern Lights will be ready to receive CO2 at our facility in Øygarden, being the only company ready now to sign commercial agreements on CO2 transport and storage. By the end of 2023, we had four signed customers and engaged in around 200 different customer dialogues, demonstrating the increasing interest in CCS services across Europe. Northern Lights aims to expand our storage capacity in line with market developments and the maturation of commercial agreements. Read more about the market development in our annual report here: https://lnkd.in/dBb8rSiJ #NorthernLightsCCS #CO2Transport #CO2storage

Northern Lights EU funding approved! Today, the European Commission approved the award of €131 million under the Connecting Europe Facility (CEF) funding scheme. This contribution affirms our crucial role in the EU’s 2030 decarbonisation objectives and enables the next phase of our project expansion.   “We are ambitiously planning for growth to offer CO2 transport and storage services to industry across Europe. Northern Lights is ready to inject 1.5 million tonnes CO2 this year and are planning to expand to the capacity with an additional 3.5 million tonnes for the next development phase”, says Managing Director Tim Heijn.

Calling all contractors who want to join us in building a new industry!   While completing the final parts of our receiving terminal in Øygarden we are now looking for qualified contractors to tender for installing our new quality monitoring system for the CO2 arriving by ship. Equinor is responsible for the tendering process on behalf of Northern Lights.   Find the invitation to tender here: https://lnkd.in/dFjqKeBr

CCS plays an important part in reaching Net Zero Emissions by 2050. In the International Energy Agency (IEA)'s Net Zero by 2050 Roadmap, it is estimated that CCS will account for 8% of the global emission cuts. Northern Lights' purpose is to facilitate the decarbonisation of industrial sectors where other emission-reducing measures are limited. By providing CCS services, Northern Lights enables significant emission reductions for key industries in Europe. According to IEA analyst Mathilde Fajardy who presented at the Northern Lights Summit 2023, if all announced CCS projects are realised, the road to Net Zero remains within reach. Read more here in our Annual Report: https://lnkd.in/dBb8rSiJ #CCS #NorthernLightsCCS #NetZeroRoadmap

Ready for business! Ready for Energistafetten! This year we will be ready to recieve CO₂ at our receiving facility in Øygarden. Northern Lights JV is the only project ready now to sign commercial deals on transport and storage, we have storage capacity and we are anticipating further growth. 15 energised runners from the Northern Lights JV’s team participated with joy and determination in the Energistafetten in Stavanger today. Not only a great opportunity for team building but also an opportunity to celebrate that we are ready for business🙌 Thanks to Energistafetten for showcasing the energy capital as great for both people and businesses and well done to everyone at the Northern Lights team!

First steel cut for the third Northern Lights ship🚢 Yesterday our Project Site Manager Frank Ollerhead did the honours of carrying out the first steel cut for the third ship in the Northern Lights fleet. Congratulations to the team on yet another milestone in the development of one of the largest dedicated CO2 shipping fleets. #CO2shipping #NorthernLightsCCS

Northern Lights receives Energy Transition Award! Recently we were invited to the Society of Petroleum Engineering (Worldwide) Annual Gala Awards in Stavanger as a nominee for the Energy Transition Award. The Award celebrates pioneers in the energy transition, committed to sustainability and advancing cleaner energy solutions. Thank you SPE and everyone who voted on Northern Lights for this recognition. 

Dutch CO2 soon on its way for safe and permanent storage on the Norwegian Continental Shelf! This week we attended first pile ceremony for the CCS project in Yara Sluiskil. From the ammonia production, Yara will capture and liquefy 800,000 tonnes CO2 annually which will be transported by ship and stored under the seabed by Northern Lights. Congratulations on this important milestone and thank you for having us. Pictured: Michael Schlaug (Vice President Yara Netherlands) and Jostein Borg Tegle (Strategy & Market Director Northern Lights). Photo by Hendrik de Wit

Want to work with Northern Lights? We are looking for: - Drilling and Well Manager - Technical Lead - HESQ Advisor Check out our vacancies and apply here: https://lnkd.in/e3kHravt Photo: Svein Ove Søreide #CCS #IndustrialDecarbonisation