Sval Energi AS, Storegga Geotechnologies Ltd., and Neptune Energy Norge AS have applied for a CO2 storage license in the Norwegian North Sea for the Trudvang project.
The project envisages capturing CO2 from multiple industrial emitters in Northern Europe and the UK, shipping of liquid CO2 from export terminals to an onshore receiving terminal in southwest Norway, and transport via a purpose-built pipeline to the Trudvang site for injection and permanent storage. The companies plan to inject up to 9 million tonnes/year (tpy) of CO2 for 25-30 years, beginning in 2029.
The storage reservoir, in the Utsira formation, has the potential to store up to 225 million tonnes of CO2 and dynamic modeling indicates total storage capacity could rise significantly, the companies said.
Work under way includes subsurface evaluation of the storage complex and technical-economic assessment of the carbon capture and storage (CCS) value chain.
The application comes after the Norwegian Ministry of Petroleum and Energy made a new area in the North Sea available on Jun. 11, 2023, for applications related to injection and storage of CO2.
Sval is the proposed operator of Trudvang with a 40% ownership. Storegga and Neptune each hold 30% ownership.
