TotalEnergies SE (FR:TTE) has released an update.
TotalEnergies, alongside partners Equinor and Shell, has announced the completion of the Northern Lights CO2 storage facilities in Norway, which are set to start storing CO2 from European industries by 2025. The project is a pioneering commercial effort providing CO2 transportation and storage services, which is considered crucial for reducing emissions and achieving decarbonization in Europe. The facilities have already secured full capacity bookings for its first phase, and plans are in progress to expand its capacity to over 5 million tons per year in the second phase.
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