A trio of leading European and global energy companies have revealed plans to develop a carbon capture and storage (CCS) value chain across Europe with an aim to accelerate the transition to carbon neutrality.
Announced today, global energy major E.ON will work alongside Norwegian clean energy company Horisont Energi (Horisont) and Neptune Energy (Neptune) having signed a Memorandum of Understanding (MoU) which will cover the development, financing and funding of a complete value chain for carbon dioxide (CO2) handling.
If a joint application for CO2 exploration is accepted, the first joint project is expected to be Horisont and Neptune’s Errai project.
Planned as Norway’s first commercial CO2 project, Errai could store four to eight million tonnes of CO2 annually, with the potential to store more in later phases.
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