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Friday, May 24, 2024

Minister eyes carbon capture ‘at half price’

Norwegian Oil & Energy Minister Tord Lien claims that the government can finally back a full-scale carbon capture, transport and storage project (CCS) at half the price of earlier plans. The downside, though, is another delay in getting such a project up and running.

Lien claimed this week, when the CSS feasibility studies were formally presented, that “a full-scale CSS chain in Norway within 2022 is possible and at lower costs than for projects considered in Norway earlier.” The project was already running at least eight years behind an original 2012 start date that later was extended to 2020. Now Lien is pushing that back by another two years.

The cost, however, has been cut to between NOK 7,2 billion and NOK 12.6 billion (USD 1.5 billion) according to the feasibility study. Proposed sites for the first full-scale CCS project in Norway include the Norcem cement plant in Brevik, Yara’s ammonia plant at Herøya and the City of Oslo’s garbage recycling and thermal power plant at Klemetsrud. Oslo is lobbying hard for state funding for carbon capture, if it’s to have any chance of meeting goals for emission cuts.

Lien is under pressure to finally implement carbon capture in Norway, where emissions have increased in recent years instead of declining as in many other countries. staff



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