REG-TotalEnergies SE TotalEnergies: Norway: Northern Lights Facilities Completed and Ready to Store CO2

TotalEnergies SEAnnouncement

26/09/2024 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240926:nBw7Vsz4Na&default-theme=true


TotalEnergies: Norway: Northern Lights Facilities Completed and Ready to Store
CO(2)

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partners, Equinor and
Shell, announce the completion of the CO(2) receiving and storage facilities
of Northern Lights Joint-Venture in Norway. The facilities consist in a
terminal that will receive CO(2) cargos, a 100 km subsea pipeline for CO(2)
transportation to the offshore storage location, and subsea injection
facilities for safe and permanent CO(2) storage in a reservoir 2,600 meters
below the seabed.

Northern Lights is now ready to receive and permanently store CO(2) from
European industries, with first CO(2) injection expected in 2025. Developing
CO(2 )transportation and storage services is one of the necessary levers to
reduce emissions and a realistic decarbonization solution for European
industry.

Northern Lights is the world’s first commercial CO(2) transportation and
storage project. The first phase of the project was supported by the Norwegian
government and has a capacity of 1.5 Mt CO(2)/year, which has been fully
booked by customers in Norway and Continental Europe. Studies are under way
for a capacity expansion to more than 5 Mt CO(2)/y in a second phase.

“Today’s ceremony marks a significant milestone - one that fills us with
great pride and hope for the future. This is a proud moment not just for
Northern Lights as a company, but for Norway and for the advancement of Carbon
Capture and Storage (CCS) worldwide”, says Terje Aasland, Norwegian Minister
of Energy.

“Today we achieved an important milestone on our journey to demonstrate CCS
as a viable option to help achieve climate goals. The whole world is looking
to Norway to learn about CCS. Since construction started, we have welcomed
more than 10,000 visitors from more than 50 countries. Today we celebrated the
completion of the facilities together with the people of our host municipality
Øygarden, the Norwegian Ministry of Energy and key stakeholders, including
policy makers and industry partners in the CCS chain. All are instrumental for
the success of Northern Lights and the CCS business in Europe”, said Tim
Heijn, Managing Director of Northern Lights JV.

“We are proud to celebrate today the commissioning of the Northern Lights
facilities. It has been a long journey since our partnership with the
Norwegian State, Equinor and Shell was established in 2017. This major
milestone signals the readiness of the infrastructure to store CO(2) and we
look forward to receiving the first volumes from hard-to-abate emitters in
2025. This will bring a strong contribution to the decarbonization of European
industry”, said Arnaud Le Foll, Senior Vice-President New Business - Carbon
Neutrality at TotalEnergies.

“This is an exciting day for both Equinor, Northern Lights Joint Venture and
our partners Shell and TotalEnergies. We are proud that Northern Lights, as
part of the Longship value chain, has now been completed and is ready to
receive CO(2). It is an important milestone in the work of establishing a
Carbon Capture and Storage value-chain in Europe”, says Grete Tveit, Senior
Vice President Low Carbon Solutions at Equinor.

“Carbon capture and storage has a vital role to play in helping society
achieve the goals of the Paris Agreement. Alongside efforts to avoid and
reduce emissions, CCS will be an essential tool in supporting our customers on
their decarbonisation journeys, particularly in those industries that are
harder to decarbonise. I am delighted that the Northern Lights facilities are
now ready to receive CO(2) from industrial sites across Europe, for Shell this
is an important part of our integrated offer to our customers”, said Anna
Mascolo, Executive Vice President, Shell Low Carbon Solutions

***

About Northern Lights

Northern Lights, owned in equal shares by TotalEnergies, Equinor and Shell, is
developing the world’s first cross-border CO(2) transport and storage
infrastructure. Delivering CO(2) transport and storage as a service, Northern
Lights enables mitigation of industrial emissions that cannot be avoided and
accelerates the decarbonisation of European industry. Drawing on experience
from over 25 years of CO(2) storage on the Norwegian Continental Shelf,
Northern Lights is at the forefront of developing CCS technologies. The
company will transport liquefied CO(2) from capture sites to an onshore
receiving terminal in western Norway, before transporting it by pipeline for
permanent storage in a reservoir 2,600 metres under the seabed. CCS is a
necessary climate solution to decarbonise industry and reduce or remove
industrial CO(2) emissions. www.norlights.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.norlights.com&esheet=54127571&newsitemid=20240926625487&lan=en-US&anchor=www.norlights.com&index=1&md5=345826e6dc0df09e1c6a16f584233fdf)

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 European
businesses through projects such as Northern Lights in Norway, 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.

TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=54127571&newsitemid=20240926625487&lan=en-US&anchor=%40TotalEnergiesPR&index=2&md5=8650b7cbb54c957101de2e67887c5b95)

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

@TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=54127571&newsitemid=20240926625487&lan=en-US&anchor=%40TotalEnergies&index=3&md5=a9ddaf06e321a819c83a02f032177f28)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=54127571&newsitemid=20240926625487&lan=en-US&anchor=TotalEnergies&index=4&md5=afbbb1684c73b4633c69454d18ab72df)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=54127571&newsitemid=20240926625487&lan=en-US&anchor=TotalEnergies&index=5&md5=f9e232405eb14b79fed9bc0f19c964d1)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=54127571&newsitemid=20240926625487&lan=en-US&anchor=TotalEnergies&index=6&md5=fe39370097e139fbc33cbd13a72576fd)

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.
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 Universal 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).



View source version on businesswire.com:
https://www.businesswire.com/news/home/20240926625487/en/
(https://www.businesswire.com/news/home/20240926625487/en/)

TotalEnergies


Copyright Business Wire 2024