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.
