OYGARDEN, Norway: On the shores of an island off Norway's North Sea coast, engineers are building a burial ground for unwanted greenhouse gas.
It"is the world's first open-access transport and storage infrastructure, allowing any emitter that has captured his CO2 emissions to deliver that CO2 for safe handling, transport and then permanent storage," project manager Sverre Overa told AFP. The government has financed 80 per cent of the infrastructure, putting 1.7 billion euros on the table as part of a wider state plan to develop the technology.
One of the world's largest carbon capture facilities, at the Petra Nova coal-fired plant in Texas, was mothballed in 2020 because it was not economical. Energy giants Equinor, TotalEnergies and Shell have set up a partnership - dubbed Northern Lights - which will be the world's first cross-border CO2 transport and storage service at its scheduled launch in 2024.
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