Öresundskraft, an energy supplier in Sweden, has recently signed a contract for the transport and storage of carbon dioxide (CO2) with Northern Lights. This agreement aims to strengthen shared infrastructure and develop the carbon capture and storage (CCS) industry in the Nordic region.
Contract Details
According to this agreement, carbon dioxide will be collected and liquefied from the waste-to-energy processing facility Filbornaverket in Helsingborg. This CO2 will then be transported by truck to the port of Holland in Halmstad. From there, Northern Lights will transfer the substance by ship to the receiving terminal in Øygarden, Norway, to be injected and stored in a reservoir located 2,600 meters beneath the seabed.
Environmental and Economic Impacts
The Öresundskraft contract, as the second customer of Northern Lights services after a similar agreement with Stockholm Exergi, provides an important opportunity to reduce greenhouse gas emissions and carbon removal efforts. This project aims to capture both biogenic and fossil CO2 emissions and hopes to contribute to the reduction of gas emissions.
The project is scheduled to start by the end of 2029, under certain conditions and agreements. Northern Lights aims to provide transport and storage services for up to 200,000 tons of CO2 per year to support this project.
The management team of Northern Lights, particularly Tim Heijn, the CEO of the company, has emphasized the significance of this agreement, considering it an important step in strengthening the Nordic region as a leader in the CCS industry. This project is part of the Longship initiative, Norway's government project in carbon capture and storage (CCS).
Northern Lights will begin its first liquid CO2 injections for storage in 2025, and with this agreement, it now serves seven industrial customers in four countries. Additionally, on March 27, the final investment decision (FID) for the expansion project was announced, which will increase its capacity from 1.5 million tons of CO2 per year to over 5 million tons.
