Fertilizer maker Yara mentioned on Monday it has signed a binding settlement to seize CO2 emissions from its Dutch ammonia plant and transport it to the Norwegian North Sea for storage deep beneath the seabed.
The carbon seize and storage undertaking (CCS) will lower annual emissions of CO2 by 800,000 tonnes over a 15 yr interval, the Norwegian firm mentioned in an announcement.
When the operation begins in 2025, it’s anticipated to be the primary time that CO2 from one nation is transported throughout borders for storage by one other, Yara mentioned.
The CO2 can be liquefied and shipped by Northern Lights, an organization owned by Equinor EQNR.OL, TotalEnergies, and Shell, from the Sluiskil plant to everlasting storage on Norway’s continental shelf, 2.6 km (1.6 miles) beneath the seabed.
“It is a milestone for decarbonizing hard-to-abate trade in Europe and for Yara it is an necessary step in the direction of decarbonizing our ammonia manufacturing, product strains, and the meals worth chain at massive,” Yara CEO Svein Tore Holsether mentioned.
(Reuters – Reporting by Terje Solsvik, modifying by Essi Lehto)
