Air Liquide, Equinor to boost carbon capture and storage project in Norway
Air Liquide, French industrial gases company, has signed a memorandum of understanding with Equinor and its partners Shell and Total to join the Northern Lights CCS project – a new carbon capture and storage project (CCS project) in Norway.
The collaboration is said to demonstrate Air Liquide’s commitment to the development of a low carbon society.
Northern Lights CCS project details
The Northern Lights CCS project, which will explore the development of offshore carbon storage on the Norwegian Continental Shelf, has the potential to become the first carbon capture and storage project site that will receive CO2 from industrial sources in several European countries.
The Northern Lights CCS project development involves CO2 capture, liquefaction, and transportation to an offshore natural reservoir.
Using readily available technologies, carbon capture and storage aims to decarbonize industries and decrease large quantities of CO2 emissions.
Air Liquide signs a MoU with Equinor and its partners to join the Northern Lights CCS project
Commenting on the Northern Lights CCS project, François Jackow – executive vice-president and a member of the Executive Committee supervising industrial activities in Europe, said: “We are pleased to be part of this innovative initiative.
“Industry has a major role to play in addressing climate change through the development of new technologies and new value chains for the low carbon transition.
“As part of its global approach to climate, Air Liquide has committed to promote solutions to reduce carbon footprint.”
Air Liquide offers and develops a range of technical solutions for industry and transport, such as oxy-combustion, electrolysis-based carbon-free hydrogen, or biomethane.
The French industrial gases company generated 2018 revenues of €21 billion and its solutions that protect life and the environment contributed over 40% of sales.
In another part of the world, US oil and gas giant ExxonMobil has forged a partnership with California-based start-up Mosaic Materials to evaluate a new carbon capture technology that can filter out carbon dioxide from emissions sources using advanced chemistry.
For more updates on the Northern Lights CCS project and other carbon capture and storage projects, keep following Business News Today.