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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