Carbon Capture and Storage (CCS) technologies will be one of the key topics at SNIC 2024, highlighting their growing importance in the fight against climate change.
A groundbreaking initiative is set to transform Europe’s climate strategy. The $1.7 billion Northern Lights joint venture, Europe’s first cross-border industrial carbon capture and storage (CCS) project, aims to decarbonize hard-to-abate industrial sectors by storing CO2 emissions under Norway’s North Sea seabed.
In June, The Straits Times visited the Northern Lights terminal in Øygarden, Norway, with a delegation from Singapore, including companies, academics, and government representatives. This visit was organized by Innovation Norway and the Royal Norwegian Embassy in Singapore. Northern Lights’ director of communications, Benedicte Staalesen, stated that construction, which began in December 2020, is now 98% complete and set to receive CO2 by Q4 2024. The initial storage capacity is 1.5 million tonnes of CO2 per year, with plans to expand to 5 million tonnes.
The Norwegian government is funding 80% of the initial phase, allowing free CO2 storage for a cement factory and a waste-to-energy plant in Oslo. Future expansion will depend on commercial demand, with two clients already confirmed for phase 2.
Senior Minister of State for Sustainability and the Environment, Amy Khor, emphasized the significance of CCS in Asia, especially for countries like Singapore aiming for a low-carbon future. Insights from Northern Lights on monitoring and verification processes will be invaluable for developing CCS projects in the region.
Read the full article on The Straits Times: Europe’s pathfinding cross-border carbon capture project on track for launch. Stay updated on significant news by subscribing to The Straits Times: Subscribe here.
Carbon Capture at SNIC 2024
CCS technologies will be featured at SNIC 2024 in Session 5: “Carbon Capture Breakthroughs – Cutting-edge CCS technologies paving the way for a greener maritime industry”. The session will explore the latest advancements in CCS, focusing on new technologies and their impact on the maritime sector. Held on November 6-7, 2024, at Conrad Centennial, Singapore, the conference is fully backed by maritime leaders from Singapore and Norway, promising new business opportunities and insights for industry leaders.
Don’t miss this opportunity. For more information, visit: SNIC 2024 – Smarter Ships, Smarter Ports.