TotalEnergies SE ( (FR:TTE) ) has provided an announcement.
TotalEnergies, along with partners Equinor and Shell, has announced the Final Investment Decision for the second phase of the Northern Lights Carbon Capture and Storage (CCS) project in Norway. This phase will expand the project’s CO2 storage capacity from 1.5 million to over 5 million tons per year by 2028, marking a significant advancement in the CCS industry. The project, which involves a NOK 7.5 billion investment, aims to provide a solution for reducing industrial emissions across Europe, with Stockholm Exergi signing a 15-year agreement for CO2 transport and storage. The expansion is expected to enhance TotalEnergies’ positioning in the CCS market and contribute to Europe’s climate targets.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company engaged in producing and marketing oil, biofuels, natural gas, green gases, renewables, and electricity. With a workforce of over 100,000 employees, the company is committed to providing reliable, affordable, and sustainable energy across approximately 120 countries, placing sustainability at the core of its strategy and operations.
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