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Horisont sign agreement with Haugaland Næringspark for CCS

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Picture of Meenal Datar

Meenal Datar

Membership specialist

Norwegian energy company, Horisont Energi has entered into an option agreement with Haugaland Næringspark to locate the land- based CO2 terminal for the Errai carbon capture and storage project to Gismarvik in Rogaland.

The CO2 terminal will receive CO2 from both European and Norwegian customers, including from the planned CO2 terminal in the Port of Rotterdam. Errai is the first commercial CO2 storage project in Norway, and is a collaboration between Horisont Energi and Neptune Energy.

Bjørgulf Haukelidsæter Eidesen, managing director of Horisont Energi says: ‘We are pleased to announce this agreement with Haugaland Næringspark after a thorough process to find a suitable site for this large carbon capture and storage project. This will be an exciting contribution to the work of developing new green industry and infrastructure in Rogaland. We see increasing demand for CO2 storage in Europe and we will build up a European value chain in the market for carbon capture and storage. This can play a key role in the transition to net zero emissions.’

‘This is an important step for the development of large-scale carbon capture and storage and paves the way for a value chain that is crucial for reaching the climate target of net zero emissions by 2050. We look forward to leveraging both our oil and gas operations capabilities as well as our significant experience from the operating carbon capture and storage activities,’ adds Odin Estensen, Neptune Energy ́s managing director of Norway and UK.

In addition to the onshore terminal for intermediate storage and the quay facility, the Errai project will also include an associated offshore reservoir for permanent storage of CO2.

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