With governments busy creating legal frameworks and funding streams to support carbon capture and storage (CCS), and a growing number of projects now entering development, there are signs that this is a business sector on the verge of reaching critical mass for exponential growth.
Borre Jacobsen, managing director of Norway’s Northern Lights CCS project, believes that while interest in carbon capture has been growing, so has the sense of urgency over emission reduction pathways from industry.
In August, the Northern Lights partners signed a cross-border agreement to transport 800,000 tonnes per annum of carbon dioxide from the Yara Sluiskil fertiliser plant in the Netherlands, but this is seen as a mere starting point.
