TotalEnergies, Equinor and Shell Drive Phase Two of Northern Lights: More than €660M Investment to Boost CO₂ Storage Beyond 5 Mt/Year

TotalEnergies, Equinor and Shell Drive Phase Two of Northern Lights: More than €660M Investment to Boost CO₂ Storage Beyond 5 Mt/Year

(IN BRIEF) TotalEnergies, Equinor, and Shell have confirmed phase two of the Northern Lights project, which will increase its CO₂ transport and storage capacity from 1.5 million to over 5 million tons per year by 2028. The project, which is currently set to begin CO₂ storage this summer with shipments from a cement plant in Brevik, Norway, will benefit from a NOK 7.5 billion investment. This funding will upgrade the existing infrastructure with new storage tanks, pumps, a jetty, injection wells, and transport vessels. Additionally, a 15-year contract with Stockholm Exergi ensures the storage of 900,000 tons of biogenic CO₂ annually, marking significant progress in establishing a commercially viable carbon capture and storage market in Europe.

(PRESS RELEASE) PARIS, 27-Mar-2025 — /EuropaWire/ — TotalEnergies (EPA:TTE), a global integrated energy company that produces and markets energies, alongside Equinor and Shell, has announced the green light for phase two of the Northern Lights project. This expansion will raise the project’s CO₂ handling capacity from 1.5 million to over 5 million tons per year, with the enhanced operations set to commence in 2028.

The first phase of Northern Lights is now complete, with its inaugural CO₂ shipment scheduled to begin this summer. In this initial phase, CO₂ captured at Heidelberg Materials’ cement facility in Brevik, Norway, will be transported by ship and permanently stored in an underground reservoir located 2,600 meters below the seabed off the coast of Øygarden in western Norway.

The upcoming phase two represents a substantial NOK 7.5 billion investment (around $700 million) to further develop and expand the existing infrastructure. This investment will fund the installation of additional onshore storage facilities, advanced pumping systems, a new jetty, extra injection wells, and supplementary transport vessels. These enhancements will streamline the project’s operations and are planned for completion by the latter half of 2028.

A key highlight of phase two is a newly inked 15-year commercial contract with Stockholm Exergi, a Swedish district energy provider. Under this agreement, Stockholm Exergi will transport and store 900,000 tons of biogenic CO₂ annually beginning in 2028, becoming the fifth company to commit to the Northern Lights scheme. Negotiations are also underway with several prominent European industrial firms to fully utilize the additional storage capacity.

Nicolas Terraz, President Exploration & Production at TotalEnergies, commented, “The launch of phase two is a pivotal moment for the CCS sector. By expanding our CO₂ storage capacity, Northern Lights will provide an effective solution for hard-to-abate industries across Europe, supporting their transition towards more sustainable operations.”

Tim Heijn, Managing Director of Northern Lights JV, added, “This expansion is a vital step toward building a robust, commercially viable carbon capture and storage market in Europe. Our collaborative efforts with industry partners, governments, and regulators are crucial in ensuring that Europe meets its ambitious climate targets.”

About Northern Lights

Northern Lights offers CO2 transport and storage as a service. Our mission is to enable the reduction and removal of industrial emissions in Europe. Liquefied CO2 from capture sites is shipped to an onshore receiving terminal in western Norway, before transported by pipeline for permanent storage in a reservoir 2,600 meters under the seabed. Ready to receive CO2 from 2024, Northern Lights is the first company to offer commercial CCS services. The company has already signed two commercial agreements with Yara in the Netherlands and Ørsted in Denmark. The first phase of Northern Lights is part of Longship, the Norwegian Government’s full-scale carbon capture and storage project. Northern Lights JV DA is a registered, incorporated General Partnership with Shared Liability (DA) owned by Equinor, TotalEnergies and Shell.
www.norlights.com

About TotalEnergies and Carbon Storage

TotalEnergies’ focus is first to avoid emissions and then to reduce them by developing and deploying a systematic approach, asset-by-asset, to implement the best available technologies. For residual emissions, the Company is developing industrial projects for carbon storage. Backed by core competencies in large-scale project management, gas processing and geosciences, TotalEnergies is on track to enable significant decarbonization of hard-to-abate industrial businesses through projects such as Northern Lights in Norway, Norther Endurance Partnership in the UK, Bayou-Bend in the US, Aramis in the Netherlands and Bifrost in Denmark.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

SOURCE: TotalEnergies

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