Updated:2024-10-22 12:48 Views:92
A dancer performs on stage in front of a digital display on renewable technology and CO2 neutrality during the opening ceremony of the Hanover technology Fair (Hannover Messe) at the HCC Hannover Congress Centrum in Hanover, northern Germany, on April 21, 2024, with Norway as partner country. – Norway is set to launch Thursday, September 26, 2024, the gateway to a massive undersea carbon dioxide vault, a crucial step before opening what its operator calls the first commercial CO2 storage service. (Photo by Julian Stratenschulte / POOL / Agence France-Presse)
Norway is set to inaugurate Thursday, September 26, the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening what its operator calls the first commercial service offering CO2 transport and storage.
The Northern Lights project plans to take CO2 emissions captured at factory smokestacks in Europe and inject them into geological reservoirs under the seabed.
Article continues after this advertisementThe aim is to prevent the emissions from being released into the atmosphere, and thereby help halt climate change.
FEATURED STORIES BUSINESS National ID gives more Filipinos ‘face value BUSINESS BIZ BUZZ: Unwinding Gogoro … quietly BUSINESS Polvoron maker seeks P500 million capital for expansionOn the island of Oygarden, a key milestone will be marked on Thursday with the inauguration of a terminal built on the shores of the North Sea, its shiny storage tanks rising up against the sky.
It is here that the liquified CO2 will be transported by boat, then injected through a long pipeline into the seabed, at a depth of around 2.6 kilometres (1.6 miles), for permanent storage.
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Article continues after this advertisementThe facility, a joint venture grouping oil giants Equinor of Norway, the Anglo-Dutch Shell and TotalEnergies of France, is expected to bury its first CO2 deliveries in 2025.
Article continues after this advertisementIt will have an initial capacity of 1.5 million tonnes of CO2 per year, before being ramped up to five million tonnes in a second phase if there is enough demand.
“Our first purpose is to demonstrate that the carbon capture and storage (CCS) chain is feasible,” Northern Lights managing director Tim Heijn told AFP.
Article continues after this advertisement“It can make a real impact on the CO2 balance and help achieve climate targets,” he said.
Prohibitive costCCS technology is complex and costly but has been advocated by the UN’s Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA), especially for reducing the CO2 footprint of industries like cement and steel, which are difficult to decarbonise.
The world’s overall capture capacity is currently just 50.5 million tonnes, according to the IEA, or barely 0.1 percent of the world’s annual total emissions.
In order to limit global warming to 1.5 degrees Celsius since the pre-industrial era, CCS would have to prevent at least one billion tonnes of CO2 emissions per year by 2030, the IEA says.
The technology is still in the early stages, and has been slow to develop because of prohibitive costs – compared to the price companies have to pay for CO2 emission quotas, for example.
It therefore depends heavily on subsidies.
“Public support was and will be crucial to help such innovative projects to advance, especially as CCS costs are still higher than the costs of CO2 emissions in Europe,” said Daniela Peta, public affairs director at the Global CCS Institute.
The Norwegian government has financed 80 percent of the cost of Northern Lights, which has been kept confidential.
The Scandinavian country is Western Europe’s largest oil and gas producer.
The North Sea, with its depleted oil and gas fields and its vast network of pipelines, is an ideal region to bury unwanted greenhouse gases.
CO2 storage service: Greenwashing?Northern Lights is part of an ambitious 30-billion-kroner ($2.9 billion) scheme dubbed “Longship” – after the Viking ships – of which the state has provided 20 billion kroner.
The plan initially included the creation of two CO2 capture sites in Norway.
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While the Heidelberg Materials cement factory in Brevik is expected to begin shipping its captured emissions to the site next year, snowballing costs have forced the waste-to-energy plant Hafslund Celsio in Oslo to review its plans.
In addition, Northern Lights has also secured cross-border deals with Norwegian fertiliser manufacturer Yara and energy group Orsted to bury CO2 from an ammonia plant in the Netherlands and two biomass power stations in Denmark.
Some environmentalists worry the technology could provide an excuse to prolong the use of fossil fuels and divert funds needed for renewable energies.
They have also raised concerns about the risk of leaks.
“Northern Lights is ‘greenwashing’,” said the head of Greenpeace Norway, Frode Pleym, noting that the project was run by oil companies.
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“Their goal is to be able to continue pumping oil and gas. CCS858 play, the electrification of platforms and all of these kinds of measures are used by the oil industry in a cynical way to avoid doing anything about their enormous emissions,” he said.
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