Equinor and Horisont Energy will develop carbon capture projects in Norway

According to a report from Oslo on May 9, 2021, from Hydrocarbon Processing, the famous Norwegian carbon technology startup Horisont Energy and the famous Norwegian oil and gas group Equinor will jointly develop a 100 million ton carbon capture and storage project in the Norwegian Arctic.

Carbon capture and storage technology has been regarded by governments, energy companies and industries as a key technology to curb carbon dioxide pollution and achieve the goal of net zero carbon emissions, but currently there are very few commercial projects in operation.

Horisont Energy CEO Bjoergulf Haukelidsaeter Eidesen told Reuters that the two companies plan to build Polaris carbon storage facilities on the seabed rock formations on the northern coast of Norway.

The Polaris project is part of the "Blue Barents Sea" project also located in northern Norway.

Eidesen said that Norwegian energy giants Equinor and Horisont Energy are the co-owners of the Polaris and Barents Blue projects.

So far, Equinor has captured and stored 26 million tons of carbon dioxide in its Sleipnell and Snochvite oil and gas fields.

Horisont Energy said in a statement: "If developed, the Polaris project will further improve Norway's carbon transport and storage status.

Li Jun compiled from hydrocarbon processing

The original text is as follows:

Equinor, Horisont Energi to develop carbon capture project in Norway

Norwegian carbon tech company Horisont Energi and oil and gas group Equinor are to team up to develop a 100 million ton carbon capture and storage project in Norway's Arctic.

Carbon capture and storage has been cited by governments, energy companies and industry as a key technology for curbing CO2 pollution and reaching net-zero carbon emission targets, but few commercial projects are currently in operation.

The two companies plan to create the Polaris carbon storage facility in subsea rock formations off the coast of northern Norway, Horisont Energi's chief executive Bjoergulf Haukelidsaeter Eidesen told Reuters.

Polaris is part of the Barents Blue project, also in northern Norway, for producing ammonia, which is widely used in industrial processes, from natural gas cleansed of CO2.

Equinor and Horisont are joint owners of Polaris and Barents Blue and expect a decision on the estimated 10 billion Norwegian crowns ($1.

Equinor has captured and stored 26 million tons of CO2 at its Sleipner and Snoehvit oil and gas fields to date and is also a partner in Norway's Northern Lights CO2 transport and storage project.

"The Polaris project will, if developed, further enhance Norway's carbon transport and storage position," Horisont Energi said in a statement.