Aker BP and Höegh Evi Secure EU Funding for North Sea CO2 Storage Project
5 Articles
5 Articles
The European Union will provide €223 million for the Atlas project, implemented by Orlen Upstream Norway, Aker BP, and Hoegh Evi. The initiative involves the creation of infrastructure that will enable the storage of up to six million tons of carbon dioxide annually by 2031, according to a press release.
The Atlas project, developed by Orlen's Norwegian subsidiary (Upstream Norway) in partnership with Aker BP and Hoegh Evi, will receive €223 million from the European Union's Innovation Fund. The funding will help develop infrastructure for the transport and underground storage of carbon dioxide in the North Sea. The facility is scheduled to begin operations in 2031 and initially handle 6 million tons of CO2 annually.
The European Commission has awarded €223 million in funding to the Atlas project for the development of carbon dioxide transport and storage infrastructure. Orlen Upstream Norway, Aker BP, and Höegh Evi are participating in the project on the Norwegian Continental Shelf.
Aker BP and Höegh Evi secure EU funding for North Sea CO2 storage project
Norwegian offshore producer Aker BP and maritime infrastructure specialist Höegh Evi have secured €223m ($260m) from the European Union Innovation Fund for their Atlas carbon transport and storage project in the North Sea. The project aims to establish a large-scale carbon capture and storage (CCS) network that links industrial emitters across Europe to permanent storage …
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