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The Northern Lights carbon capture and storage (CCS) project has been granted €131 million by the European Commission (EC) under its Connecting Europe Facility (CEF) funding initiative. The EU funds will be used to support eight cross-border energy infrastructure projects. EU Member States have approved the Commission's proposal to spend €594 million in cross-border energy infrastructure projects under the CEF for Trans-European Networks for Energy.
Almost €480 million will be given to four CO2 transport and storage projects, which the EC characterises as "the first building blocks of a future Europe-wide carbon value chain" and are scheduled to be finished by the end of the decade, contributing to the EU's 2030 decarbonisation ambitions. The planned CEF grant will fund the development of the CO2 import terminal at Øygarden, Norway, as well as the building of a 100-kilometer offshore pipeline to the storage site.
"I am delighted that the European Union has proposed to provide Northern Lights with CEF funding." This reaffirms Northern Lights' role as a vital player in achieving European climate policy objectives, including contributing to a carbon-neutral economy by 2050," stated Børre Jacobsen, Managing Director of Northern Lights.
The EC is also granting €157 million to CO2 infrastructure in the Dutch port of Rotterdam, which includes an import terminal for receiving CO2 from carbon capture sites in various Member States (CO2NEXT project, €33 million in CEF grant) and a 200-kilometer undersea trunkline (Aramis project, €124 million in CEF grant) connecting the port to a future CO2 storage site in a depleted offshore gas field.
D'Artagnan, a multimodal CO2 export centre in the port of Dunkirk, France, will receive €189 million in financing, while the Gabreta smart grids project, located between Czechia and Germany, will receive €100 million in funding.
Read more- https://www.offshore-energy.biz/northern-lights-ccs-project-grabs-a-slice-of-eu-funding/
