New research led by the University of East Anglia (UEA) and Plymouth Marine Laboratory (PML) has found that the Southern Ocean absorbs more carbon dioxide (CO2) than previously thought.
Equinor expect 4-8 per cent real base project returns for its early phase CO2 storage business, and further value uplift potential when commercial markets are developed.
The first voyages of the Blue Visby Prototype Trials took place in March/April 2024 with the bulk carriers M/V Gerdt Oldendorff and the M/V Begonia, which, under voyage charter to Blue Visby Consortium member CBH Group, performed ballast voyages to CBH Group’s Kwinana Grain Terminal, Australia.
The 430,000 tonnes per year of biogenic CO2 from the combined heat and power plants will be shipped to a storage reservoir in the Norwegian part of the North Sea and stored permanently.
A European infrastructure for carbon capture and storage is underway. The latest agreements (from mid-April) between Denmark, Norway, Belgium, the Netherlands, and Sweden allow cross-border transport and geological storage of captured CO2.
The Norwegian Ministry of Energy has been contacted by commercial players who are interested in securing the award of specific acreage for CO2 storage.
Latvian scientists aim to use their unique know-how to create a marine exhaust gas treatment plant that is more environmentally friendly, more efficient and more cost-efficient than those currently used by shipping companies.
