The Norwegian government has announced that it will invest
an additional $34m in developing its carbon capture and storage (CCS)
capability.à‚ The funding is aimed at the country’s large-scale industrial CCS programme.
The Carbon Capture and Storage Association has welcomed the news with Dr Luke Warren, Chief Executive of the CCSA, commenting, ” “We are encouraged to see that the Norwegian Government has today moved a step closer to realising a Norwegian industrial CCS cluster.”
The commitment to further studies for both the Norcem cement plant and the Klemetsrud waste-to-energy facility is globally significant ” as both of these would represent world-first low-carbon industrial projects through CCS, enabling these industries to contribute to clean growth.
“The Norwegian Government will also take forward the development of CCS transport and storage infrastructure on the west coast of Norway. Developing CO2 storage assets for Europe is of vital importance to meet Paris Agreement climate targets and to decarbonise some of our most important industrial sectors.”
The Norwegian government proposes to fund FEED studies (Front End Engineering and Design studies) with $9.8M in 2018. The total funding for the demonstration project in 2018 amounts to $34m, including funds transferred from 2017. The proposed funds for 2018 will cover FEED studies of CO2 transport, storage and up to two capture facilities.
Both the Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) point to CCS as a necessary option to reduce global greenhouse gas emissions in line with the climate goals at the lowest possible costs.
The UK is due to publish its CCUS Deployment Pathway by the end of this year. The CCSA asserted that Britain must ensure that this Pathway delivers a strong new approach to CCS that places the UK alongside Norway as a global leader in this vital technology and makes full use of the UK’s expertise and strategic CO2 storage assets.