US technology giant Baker Hughes revealed Tuesday a memorandum of understanding with Norwegian carbon capture and storage developer Borg CO2 AS to create a carbon capture, utilisation, and storage hub in Norway.
Coming right off an announcement of plans to explore CCUS in Italy, the Houston-based energy technology company wants to aid decarbonisation of industrial facilities in the Viken region of Norway by capturing up to 630,000 tonnes per annum, making up about 90% of CO2 emissions from the industrial sites.
The CO2 will then be liquified and stored underneath the seabed of the North Sea.
“Meaningful decarbonisation is not possible without carbon capture, utilisation and storage, and this collaboration demonstrates how CCUS technology is accelerating from concept toward commercialisation with real-world impact,” said Rod Christie, executive vice president of turbomachinery and process solutions at Baker Hughes.
The idea of a CCUS hub also is being explored by US supermajor ExxonMobil in the Houston Ship Channel, with plans to capture up to 100 million tpa by 2040.
Tore Lundestad, managing director of Borg CO2, said in the announcement that the project will help the industrial region reach net-zero, allowing facilities to potentially sell negative CO2 emissions.
An extended feasibility study is expected to be completed by the end of 2021.