Norway approves operator for Polaris CO2 storage project


Norwegian clean energy company Horisont Energi (Horisont) has announced that the Norwegian Ministry of Energy has approved PGNiG Upstream Norway (PUN) as operator and partner with Horisont in Polaris – the only carbon dioxide (CO2) storage site located in the Barents Sea.

Marking a key milestone in the development of Polaris, the appointment follows a sales purchase agreement announced on 11th Dec 2023 making PUN a licence operator.

The two hold a participating interest of 50% in the EXCL003 CO2 licence Polaris – which will provide CO2 storage for Horisont and Fertiberia’s Barents Blue project.

“With PGNiG Upstream Norway now in place as operator and partner, we have a very strong fundament [sic] to unlock the potential of Polaris as a vehicle to reduce emissions on an industrial scale,” said Bjorgulf Haukelidsaeter Eidesen, CEO of Horisont.

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