Yara makes agreement to capture and store Co2 under Norway Seabed
Yara, the well-known fertiliser maker, recently agreed to capture Co2 from its Dutch ammonia plant and transport the captured carbon dioxide to the Norwegian North Sea, where it will be stored permanently.
The captured Co2 will not only be stored beneath the seabed, but it will also mark the first occasion of which Co2 will have been captured in one nation and transported to another nation, crossing boarders, to be stored by the other nation. Yara mentioned this significant milestone, along with the fact that the project is expected to be operational in 2025.
The overall aim of the project is to cut annual emissions of Co2 by 800,000 tons throughout a 15-year period. The company plans to achieve this goal by liquefying the Co2 before it is shipped by Northern Lights, a transport company, owned by Equinor EQNR.OL, TotalEnergies and Shell. Once liquefied, the captured carbon dioxide will be transported from the Sluiskil plant to the Norwegian North Sea site. The carbon will be stored on Norway’s continental shelf, which is located 1.6 miles under the seabed. This was the plan as stated by the Norwegian Company.
Yara CEO, Svein Tore Holsether, commented, "This is a milestone for decarbonising hard-to-abate industry in Europe and for Yara it's an important step towards decarbonizing our ammonia production, product lines, and the food value chain at large.”