In its application, Equinor has submitted plans to develop the CO2 storage capacity in Smeaheia at 20 million tonnes annually, which entails a sharp increase in the capacity to store CO2 on a commercial basis on the Norwegian continental shelf. Northern Lights, the CO2 storage facility in the Longship project, has a planned injection capacity of 1.5 million tonnes a year in Phase 1 available from 2024 with plans to develop the capacity to 5-6 million tonnes a year from around 2026.
Through these two projects, Equinor aims to contribute to CO2 reductions equivalent to half of Norway's annual emissions. Equinor has ambitions to develop further storage licenses in the North Sea in the coming years with the aim of building a common, pipeline-based infrastructure that can contribute to substantial cost reductions for the CCS value chains.
"We are pleased that Norwegian authorities have made storage areas available with basis in commercial industries. Rapid scale-up of CO2 storage at Smeaheia is essential to meet the interest and need for this type of service and to ensure storage needs from low-carbon projects in Norway," says Rummelhoff.
Safe capture and storage of CO2 is also a prerequisite and enabler for developing blue hydrogen and ammonia from natural gas. With CCS, blue hydrogen and ammonia can more or less eliminate emissions from the use of gas, thus ensuring access to large amounts of low-carbon and reliable energy. With the use of CCS, emissions can also be significantly reduced from gas-fired power plants.
In the Barents Sea, about 100 kilometres off the coast of Finnmark, lies the CO2 storage Polaris. The storage is a key part of the Barents Blue project which Equinor is developing in collaboration with Vår Energi and Horisont Energi. The project is developing an ammonia production facility at Markoppneset in Hammerfest that will reform natural gas from the Barents Sea to clean, blue ammonia using carbon capture and storage. The first stage of the development includes capture, transport and storage of two million tonnes of CO2 each year.
In October 2021 Equinor launched Norway energy hub, with a goal to help maintain and further develop Norway as an energy nation, by creating new value chains, solutions and jobs in Norway. Norway energy hub consists of four building blocks: decarbonisation of oil and gas, industrialisation of offshore wind, commercialisation of CCS and large-scale hydrogen production. Equinor has an ambition to develop value chains for CO2 transport and storage with an annual capacity of 15-30 million tonnes of CO2 by 2035.