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Shell, Equinor, and TotalEnergies Expand Northern Lights CCS with $714 Million Investment

Summary by Carbon Credits

The Northern Lights project is expanding its carbon capture and storage (CCS) capacity, with the big oil firms making their final investment worth around $714 million. This will help lower carbon emissions from industries in Europe. The project will now store at least 5 million tonnes of CO₂ per year, up from 1.5 million tonnes. The decision comes after a deal with Stockholm Exergi, a Swedish energy company. The company will send up to 900,000 t…

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Shell, Equinor, and TotalEnergies Expand Northern Lights CCS with $714 Million Investment

The Northern Lights project is expanding its carbon capture and storage (CCS) capacity, with the big oil firms making their final investment worth around $714 million. This will help lower carbon emissions from industries in Europe. The project will now store at least 5 million tonnes of CO₂ per year, up from 1.5 million tonnes. The decision comes after a deal with Stockholm Exergi, a Swedish energy company. The company will send up to 900,000 t…

20 hours ago

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A great leap towards a scaled European market for CCS: Northern Lights expands storage capacity, will store CO₂ from Stockholm

Bellona International

23 hours ago

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Bellona.org broke the news in 23 hours ago on Thursday, April 3, 2025.

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