Storegga Geotechnologies, a British carbon capture and storage (CCS) solution provider, together with Sval Energi, a Norwegian energy provider, and Neptune Energy, a British oil and gas exploration company, has applied for a CO2 storage license in the Norwegian North Sea.

Once the license is secured, the three companies will proceed with the project “Trudvang,” which has the potential to store up to nine million tonnes of CO2 per annum. The project has the full potential to store up to 225 million tonnes of CO2 over the next 25–30 years and is planned to begin CO2 sequestration from 2029 onwards. 

Multiple industrial emitters across Northern Europe and the UK will capture CO2 and then ship liquid CO2 from export terminals to an onshore terminal located in the southwest of Norway. The CO2 will thereafter be transported via a purpose-built pipeline to the Trudvang project location, which is nearly 102 miles (165 kilometers) from the coast. 

Sval, the proposed operator of Trudvang, will hold a stake of 40% in the project, while Storegga and Neptune will each hold 30% ownership, respectively. 

Analyst QuickTake: Since November 2021 , the three partners have worked collaboratively to explore carbon storage opportunities in the Norwegian Continental Shelf (NCS). The companies undertook a substantial amount of work, including subsurface evaluation of the storage complex, and technical and economic assessment of the CCS value chain. The work previously undertaken has brought Trudyang to the stage of CO2 storage licensing.