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Home Terminal News


NORTHERN LIGHTS SIGNS AGREEMENT WITH ØRSTED

May 22, 2023
in Terminal News
2 min read


Asnæsværket (ASV), Blok 6/Unit 6, Flisplads Dato: 3. oktober 2019

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Transport, storage and infrastructure company, Northern Lights has entered into
cross-border transport and storage agreement with offshore wind company, Ørsted.

Northern Lights JV and Ørsted announce the signing of a CO2 transport and
services agreement (TSA) to store 430,000 tonnes biogenic CO2 emissions per year
from two power plants in Denmark, Europe. This agreement represents a major
milestone for Northern Lights JV and is an essential step for creating a
commercial market for CCS in Europe.

Børre Jacobsen, managing director of Northern Lights, says: ‘We are very pleased
that Ørsted has selected Northern Lights as CO2 transport and storage provider.
Ørsted is our second commercial customer who, together with Yara, gives us the
opportunity to further utilise the capacity at our storage site below the North
Sea. This agreement confirms the commercial potential for CCS and demonstrates
that the market for transport and storage of CO2 is evolving rapidly.’

‘We are very pleased with the outcome of the tender process, and we look forward
to initiating the work of establishing carbon capture units at two of our CHP
plants running on sustainable straw and wood chips. According to the UN’s panel
on climate change, IPCC, capture and storage of biogenic carbon is one of the
tools we must use to fight climate change, and our CCS project will contribute
significantly to realising the politically decided Danish climate target for
2025 and 2030,’ adds Ole Thomsen, senior vice president, and head of Ørsted’s
CHP business.

Tags: Energy TransitionEurope





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TW1 3QS | United Kingdom | Registered in England No. 05067979


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