Equinor’s flag in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins
OSLO, Aug 30 (Reuters) – Equinor (EQNR.OL) and Wintershall Dea will collectively develop carbon seize and storage tasks, the oil companies mentioned on Tuesday, with concepts to construct a pipeline from Germany to Norway to move and retailer carbon dioxide (CO2) beneath the North Sea.
The companies would work collectively to ascertain technical and industrial options for the event of carbon seize and storage (CCS) throughout borders in Europe, they mentioned.
“The partnership intends to attach Germany, the biggest CO2 emitter in Europe, and Norway, holding Europe’s largest CO2 storage potential,” they mentioned in a joint assertion.
Equinor and Wintershall Dea eye the development of a 900-km (560-mile) lengthy pipeline to move CO2 from northern Germany to storage websites offshore Norway earlier than 2032.
The pipeline is anticipated to have a transport capability of 20 million to 40 million tonnes of CO2 per yr, equal to round 20% of all German industrial emissions per yr, they mentioned.
The venture would additionally contemplate one other answer the place CO2 is transported by ship from Germany to Norway.
Wintershall Dea and Equinor additionally plan to use for offshore CO2 storage licences to retailer between 15 million to twenty million tonnes per yr beneath the North Sea.
The transfer comes a day after Equinor, Shell (SHEL.L) and TotalEnergies (TTEF.PA) signed their first industrial deal to move CO2 emitted by a Yara (YAR.OL) fertiliser plant and retailer it beneath the North Sea. learn extra
The deal involving Yara’s Dutch plant was the primary industrial settlement on cross-border CO2 transport and storage signed on the planet.
The Worldwide Power Company says carbon seize and storage is significant to decreasing world CO2 emissions, together with from hard-to-abate sectors similar to cement manufacturing, to curb world warming. learn extra
Nonetheless, there are few industrial tasks in existence.
As well as, some environmentalists say that CCS prolongs the age of burning hydrocarbons for power and that the world must shift to renewables.
(This story corrects title of German oil agency all through)
Reporting by Gwladys Fouche
: .