About Oslo container energy storage project
The facility, a joint venture grouping oil giants Equinor of Norway, Anglo-Dutch Shell and TotalEnergies of France, is expected to bury its first CO 2 deliveries in 2025. It will have an initial capacity of 1.5 million tonnes of CO 2 per year, before being ramped up to five million tonnes in a second phase if there is enough demand.
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4 FAQs about [Oslo container energy storage project]
How much money will Oslo bring to the project?
The City of Oslo and the companies will bring up to 6 billion NOK (620 million EUR) to the table, said Raymond Johansen. This amount is necessary for the project to be fully funded. The Norwegian state has already given a funding guarantee of 3 billion NOK (310 million EUR).
How much CO2 does Oslo emit a year?
The waste-to-energy plant at Klemetsrud is currently responsible for 17 per cent of the city’s emissions, and is the biggest single emitter of CO2 in Oslo. From 2026, up to 400,000 tonnes of CO2 will be captured each year. This corresponds to the annual emissions from 200,000 cars.
What is happening with Norway's Northern Lights project?
Oslo, Norway – The Global CCS Institute has welcomed the positive investment decision by project partners Equinor, Shell, and Total to move ahead Norway’s flagship CO2 transport and storage project, Northern Lights. The project has now been handed over to the Ministry of Petroleum and Energy for Government approval.
Will Hafslund eco get a loan from Oslo?
The City of Oslo is pledging an existing shareholder loan to Hafslund Eco as collateral so that the company can borrow up to NOK 2.1 billion to fund the municipality’s share of the project. “In future, it will be more expensive to pollute.
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