Equinor, Shell and TotalEnergies joint venture Northern Lights and crop nutrition company Yara have signed the first-ever commercial cross-border carbon-dioxide (CO2) transport and storage agreement. According to Equinor CEO Anders Opedal, the agreement marks a “major milestone for the development of carbon capture, transport and storage,” viewed as a key tool for the decarbonization of heavy industries. The Northern Lights project was launched in late 2020, as the transport and storage component of Longship, the Norwegian Government’s full-scale carbon capture and storage project. Longship was unveiled in September 2020, with the government describing carbon capture and storage as a prerequisite for reducing global greenhouse gas emissions in line with the Paris Agreement climate targets.

Source: ESG Today