Our ambitions for Northern Lights
The Northern Lights CCS project off the coast of Norway, which will begin operation by 2024, has enough storage for the equivalent of 750,000 car emissions every year in the first phase. Equinor’s Smeaheia storage site, located to the south of Northern Lights, has the potential to increase storage capacity many times over.
In 2022, Northern Lights secured the world’s first commercial agreement on cross border CO2 transport and storage with fertilizer company Yara International. This was a milestone for the decarbonization of European heavy industry, opening for cross border CO2 transport and storage as a service.
Equinor is already one of the largest CCS operators worldwide. We have ambitions to develop further storage licenses in the North Sea with the aim to build a common, pipeline-based infrastructure that can contribute to substantial cost reductions for CCS value chains.
Equinor’s ambition for CO2 transport and storage is to capture 25 percent of the European market by 2035 as a trusted partner in the decarbonization of industry and energy.