The first CO2 volumes have now been transported by the Northern Lights project through the 100km pipeline and injected into the Aurora reservoir 2,600m below the seabed of the Norwegian North Sea. Northern Lights will transport and store CO2 from Norway during the remainder of 2025 with CO2 volumes from Denmark and the Netherlands expected to be added in 2026.
Tag: carbon capture
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Chestnut Carbon: financing for US afforestation in the voluntary carbon market
Chestnut Carbon, a nature-based carbon removal developer, has announced the successful closing of a landmark non-recourse project finance credit facility of up to $210m – a first-of-its-kind bank financing for a US voluntary carbon removal afforestation project.
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£833m net zero Teesside contract for UK’s Balfour Beatty
Balfour Beatty, the international infrastructure group, has announced that it has been awarded an £833m contract by Technip Energies to act as the construction partner for Net Zero Teesside Power – an onshore power, capture and compression project and poised to be the world’s first gas-fired power station with carbon capture and storage.
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UK Gov announces new era of clean energy transformation
Hot on the heels of the UK Government’s commitment to the most significant programme of investment in homegrown clean energy in the UK’s history, Secretary of State for Energy Security and Net Zero, Ed Miliband, has talked through what energy transformation means for the UK in coming years.
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What does the UK-EU Summit mean for energy and emissions?
The UK and the EU have agreed a substantial cooperation agreement in relation to trade and free movement. Included in the package are two energy and emissions trading arrangements.