United States

Statoil and Gassnova pick Kollsnes site for CO2 terminal

Thursday, 9 Nov 2017 09:08am EST 

Nov 9 (Reuters) - Statoil Asa :‍Gassnova and Statoil have concluded that a CO2 receiving terminal will be located at premises of CCB Kollsnes​.‍Construction of full-scale project including onshore terminal is subject to Norwegian parliament making a positive investment decision, scheduled for 2019.Establishment of an onshore CO2 storage plant is part of the Norwegian authorities’ plans for developing full-scale CO2 handling in Norway.CO2 will be captured from onshore industrial plants in Eastern Norway and transported by ship from the capture area to the onshore reception plant. At this plant, the CO2 will be pumped from the ship to onshore tanks before it is sent in a pipeline and injected for permanent storage 1000-2000 metres below the seabed​.