Harbour Energy and HES International, have announced the next step in their cooperation to develop a robust CO₂ value chain via the Wilhelmshaven energy terminal. From the beginning of the new year, both companies will sharpen their focus on core competencies. Harbour Energy will leverage its subsurface expertise to develop target stores while HES will lead the further development of the CO2nnectNow terminal.
The companies’ new Cooperation Agreement is designed to accelerate progress and create early market opportunities for CCS emitters in Germany and beyond. HES aims at having the terminal in Wilhelmshaven in a front runner position, with one of Harbour Energy’s CO2 storage facilities as the preferred destination for CO2 exports.
‘Harbour Energy has a leading CO₂ storage position in Northwest Europe, with licensed net storage resources of over 650 million tonnes in Denmark, Norway, and the UK,’ says Halvor Jahre, SVP CCS portfolio development at Harbour Energy. ‘By concentrating on efficiently maturing storage sites, we aim to enable early market makers in their decarbonisation efforts and deliver safe, scalable storage solutions for hard-to-abate emissions in line with German and European climate goals.’
‘Wilhelmshaven is ideally positioned to become a central hub for carbon management solutions in Europe,’ says Otto Waterlander, director business development New Energies at HES International. ‘By combining Harbour Energy’s subsurface expertise with HES’s infrastructure capabilities, we are creating the foundation for first movers and accelerating the build-up of a robust and complete CCS value chain.’
Discussions with potential emitters also continue, supporting the development of integrated transport and storage solutions for industrial CO₂ emissions.
