Equinor Energy AS and Wintershall Dea Norge AS agreed to pursue development of a carbon capture and storage (CCS) network connecting continental European CO2 emitters to offshore storage sites on the Norwegian Continental Shelf.
The companies will jointly apply for offshore CO2 storage licenses, aiming to store 15-20 million tonnes/year (tpy) of CO2 on the Norwegian Continental Shelf.
The project is expected to include a 900-km open access pipeline to connect a CO2 collection hub in northern Germany with storage sites in Norway. Commissioning of the pipeline is planned for 2032 with full capacity of 20-40 million tpy by 2037. The partners also will consider an early deployment solution where CO2 is transported by ship from the CO2 export hub to the storage sites.