Northern Lights signs agreement with Ørsted
- 23/05/2023
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.’
Source: www.tankstoragemag.com
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