Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Transocean adds $89 million in new offshore drilling options across three regions – Oil & Gas 360

November 18, 2025

What DECARBON 2026 Reveals About the Industry’s Next Move – Oil & Gas 360

November 18, 2025

Crude Oil Price Forecast: Bull Flag Breakout Sets Up

November 18, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Norway Launches World’s First Full-Scale Carbon Capture and Storage Value Chain
ESG & Sustainability

Norway Launches World’s First Full-Scale Carbon Capture and Storage Value Chain

omc_adminBy omc_adminJune 18, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Global CCS Breakthrough: Norway’s Longship becomes the first operational end-to-end CCS project, setting a new standard for industrial emissions reduction.

Major Public Investment: Backed by NOK 22 billion in state funding, the project is Europe’s most significant climate tech investment to date.

Scalable, Open Infrastructure: Northern Lights, part of Longship, offers open-access CO₂ storage and has already secured international commercial contracts.

Norway has launched Longship, the world’s first full-scale value chain for carbon capture and storage (CCS), marking a global milestone in industrial decarbonization. The project integrates carbon capture, ship-based transport, and permanent geological storage in a single, scalable system.

“Longship demonstrates that it is possible to cut emissions from the industry and waste in a safe and effective way. This is a technological breakthrough and a milestone in Norway’s climate efforts,” said Minister of Energy Terje Aasland.

Minister of Energy Terje Aasland

A Model for Global Industry

Longship currently includes:

A CO₂ capture facility at Heidelberg Materials’ cement plant in Brevik (400,000 tonnes/year).

A planned facility at Hafslund Celsio’s waste-to-energy plant in Oslo (350,000 tonnes/year by 2029).

Transport of liquefied CO₂ by ship to Øygarden terminal, where it will be injected 2.6 km under the North Sea.

The Northern Lights component, operated by Equinor, Shell, and TotalEnergies, enables open-access CO₂ storage and has signed agreements with emitters in Denmark, Sweden, and the Netherlands.

“This is not just an important moment for Norway, it is a breakthrough for carbon capture and storage in Europe,” Aasland added.

Scaling for Impact

In Phase 1, Northern Lights will store 1.5 million tonnes of CO₂ annually. The Norwegian Ministry of Energy has approved Phase 2, which will expand storage capacity to over 5 million tonnes per year. The EU has designated it a “Project of Common Interest,” unlocking €131 million from the Connecting Europe Facility.

RELATED ARTICLE: CarbonQuest Secures $20 Million to Scale Distributed Carbon Capture Across North America

The project’s infrastructure is being officially inaugurated this week with a two-day event in Oslo and Brevik, including:

The naming ceremony of the CO₂ transport ship Northern Pathfinder

A high-level conference at the Oslo Opera House

The opening of Heidelberg’s capture facility

Public-Private Climate Investment

With an estimated total cost of NOK 34 billion, including ten years of operation, Longship represents Norway’s largest-ever climate investment. The state will fund NOK 22 billion in grants, aiming to establish CCS as a core climate mitigation tool across Europe.

“This is an investment in future jobs, technology, and industry. Longship will demonstrate that CO₂ management is safe, feasible, and necessary to meet climate goals in Norway and the EU,” said Aasland.

Longship offers a blueprint for scalable, cross-border carbon infrastructure—ushering in a new era of industrial decarbonization.

Follow ESG News on LinkedIn



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Sam Altman-Backed Exowatt Raises $50 Million to Scale Dispatchable Solar for AI Demand

November 18, 2025

Deutsche Bank Targets $1 Trillion in Sustainable and Transition Finance by 2030

November 18, 2025

EDF, OpCore plan $4.3B High Power Data Center to Boost France’s AI capacity

November 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20073 Views
Don't Miss

U.S. says new sanctions are driving Russian oil prices to multi-year lows

By omc_adminNovember 18, 2025

(Bloomberg) — The U.S. Treasury claimed success in the department’s latest efforts to…

Turkey’s TPAO targets $4 billion debt issuance to accelerate oil and gas production

November 18, 2025

Eni awards TechnipFMC substantial iEPCI™ scope for Maha project offshore Indonesia

November 18, 2025

SLB OneSubsea wins second bp subsea boosting award following Kaskida project

November 18, 2025
Top Trending

More than 80 countries at Cop30 join call for roadmap to fossil fuel phase-out | Cop30

By omc_adminNovember 18, 2025

Caribbean slavery reparations body calls for ‘mutually beneficial’ restorative justice from UK | Slavery

By omc_adminNovember 18, 2025

DHL to Purchase More than 300 Million Liters of Sustainable Aviation Fuel from Phillips 66

By omc_adminNovember 18, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views

‘Looksmaxxing’ on ChatGPT Rated Me a ‘Mid-Tier Becky.’ Be Careful.

June 3, 20254 Views

Ring Founder on ‘Tough Day’ of AWS Outage: ‘We Got Through It’

October 24, 20253 Views
Our Picks

Oil Gains on EU Sanctions Pressure

November 18, 2025

Exxon, Chevron and ADNOC explore bids for Lukoil’s international assets

November 18, 2025

U.S. says new sanctions are driving Russian oil prices to multi-year lows

November 18, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.