Yara and Northern Lights have signed what is billed as the world’s first commercial agreement on cross border carbon dioxide (CO2) transport and storage.
Hailing the move as ”groundbreaking” for the decarbonisation of European heavy industry, it opens market for cross border CO2 transport and storage as a service, and is a major milestone towards achieving Yara’s own net zero targets.
Yara and Northern Lights have agreed on the main commercial terms to transport CO2 captured from Yara Sluiskil, an ammonia and fertilizer plant in the Netherlands, and permanently store it under the seabed off the coast of western Norway.
When the final contractual details are firmed up, it will set the standard for other industrial companies across Europe looking to use Northern Lights – and other emerging CO2 transport options and stores in the North Sea – as a key part of their decarbonisation strategies.
... to continue reading you must be subscribed
