New CO2 storage tanks arrive for Northern Lights phase two expansion
Nine new CO2 storage tanks have arrived at the receiving terminal for the Northern Lights carbon capture and storage (CCS) project's second phase in Øygarden, Norway.
The phase two development will more than double the terminal’s storage capacity to a minimum of five million tonnes of CO2 per year. According to the project, this will significantly increase the availability of permanent CO2 storage for industrial customers across Europe. Each of the nine new tanks, which were manufactured in Spain by IDESA, has a storage capacity of 680 cubic metres and stands over 30 metres tall.
Tim Heijn, Managing Director at Northern Lights, stated that by increasing storage capacity, the project is committing to offering CO2 storage to a "growing number" of industrial customers.
The phase two expansion is supported by a €131 million grant from the European Union and will be financed primarily through commercial investments. Northern Lights said it has already signed three commercial agreements for cross-border CO2 transport and storage with Yara Sluiskil, Ørsted, and Stockholm Exergi. Phase one of the project is on track for operations in 2025.