Norway-based Horisont Energi has joined forces with Finnish energy company Helen to explore alternative energy methods such as hydrogen and carbon capture, utilisation and storage (CCUS).
The carbon dioxide (CO2) will be captured from power plant flue gases, with the partners working together to create solutions for the captured gas such as using it as a raw material for various products.
Explaining potential uses of the CO2, Tuukka Hartikka, Business Lead, Renewable Hydrogen and PtX, Helen, said, “Among other things, CO2 can be used to manufacture chemical industry products or carbon-neutral fuels for transport.”
The decarbonisation of industry and the establishment of carbon value chains is seen as a necessary part of achieving net-zero emission targets.
“Horisont Energi aims to provide cost-leading carbon storage across the Norwegian Continental Shelf in the coming years and the collaboration with Helen is an important step in opening up our activities further toward 3rd party carbon storage,” said Bjorgulf Hauklidsaeter Eidesen, CEO, Horisont Energi.
The company is also contributing to clean energy via the EU Hydrogen IPCEI (Important Projects for Common European Interest) with its clean ammonia project in Northern Norway.
Keen to further its carbon neutrality efforts, Helen is already looking to 2040 and the goal of carbon negativity.
“In practice, this means that more carbon will be removed than is released into the atmosphere. In other words, emissions are negative. This can for example be achieved by capturing bio-based CO2 from flue gases and storing it underground,” explained Sari Mannonen, Senior Vice President Solutions Business, Helen.