TotalEnergies has signed a commercial agreement with Yara for the Northern Lights Project. As per the agreement, CO2 will be captured from the Yara Sluiskil ammonia and fertilizer plant in the Netherlands and transported to the Northern Lights site for storage.
From early 2025, a total of 800,000 tons of CO2 will be captured, compressed and liquefied annually in the Netherlands and transported for permanent storing at the Northern Lights site in geological layers some 2,600 meters under the seabed off the coast of Øygarden, in Norway.
"Developing CO2 transportation and storage services is crucial for decarbonizing European industry: we are pleased to welcome Yara as first commercial partner for Northern Lights, which will help support its decarbonization strategy," said Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies. "TotalEnergies aims to develop a CO2 storage capacity of more than 10 million tons per year by 2030, both for its own facilities and for its customers, in line with its ambition to get to net zero by 2050, together with society."
This is the first-of-its-kind agreement worldwide and paves the way for international CO2 transport and storage as a service.
"Yara, our first commercial customer, will fill the available capacity of Northern Lights Phase 1. This agreement will establish a market for CO2 transport and storage. From early 2025, we will be shipping the first tons of CO2 from the Netherlands to Norway. This will demonstrate that CCS is a climate tool for Europe," said Børre Jacobsen, Northern Lights Managing Director.
