Yara and Northern Lights have signed the world’s first business settlement on cross border CO2 transport and storage. This is groundbreaking for the decarbonization of European heavy business, opening the marketplace for cross border CO2 transport and storage as a service. It can be a serious milestone in direction of reaching Yara’s personal web zero targets.
Yara and Northern Lights have agreed on the principle business phrases to move CO2 captured from Yara Sluiskil, an ammonia and fertilizer plant within the Netherlands, and completely retailer it below the seabed off the coast of western Norway. When the ultimate contractual particulars are firmed up, this would be the first ever cross border CO2 transport and storage settlement. It will set the usual for different industrial corporations throughout Europe trying to make use of Northern Lights – and different rising CO2 transport choices and shops within the North Sea – as a key a part of their decarbonization methods.
Decarbonizing heavy business with CCS to achieve local weather targets
Yara Sluiskil has already minimize 3.4 million tonnes of CO2 emissions per 12 months from its ammonia and fertilizer manufacturing since 1990. Significant volumes of carbon dioxide are reused in greenhouse plant manufacturing, as an ingredient for carbonated drinks and for different functions akin to urea and AdBlue, a diesel product to cut back dangerous gases from diesel engines. From early 2025, 800,000 tonnes of pure CO2 might be captured, compressed, and liquefied within the Netherlands, after which transported to the Northern Lights retailer at 2,600 metres below the seabed off the coast of Øygarden.
“Action to decarbonize business is pressing and Yara is a frontrunner. I’m very happy to announce that we are actually on our method to eradicating CO2 emissions from our manufacturing plant in Sluiskil. This will take us a step additional in direction of carbon-free meals manufacturing and speed up the availability of fresh ammonia for gas and energy manufacturing,” mentioned Svein Tore Holsether, CEO Yara International ASA.
“Yara is our first business buyer, filling our obtainable capability in Northern Lights. With this we’re establishing a marketplace for transport and storage of CO2. From early 2025 we might be transport the primary tonnes of CO2 from the Netherlands to Norway. This will display that CCS is a local weather software for Europe”, mentioned Børre Jacobsen, Managing Director of Northern Lights.
Safe and confirmed seize, transport, and storage of CO2
Northern Lights is the transport and storage a part of the Longship mission, funded 80% by the Norwegian authorities. Building on over 20 years of offshore CO2 storage in Norway, the federal government has labored carefully with Norwegian industrial emitters and Northern Lights to create the world’s first open entry full worth chain CCS mannequin. As a part of its funding, the federal government stipulated that Northern Lights develop a business enterprise mannequin and supply its service to the remainder of Europe.
The Longship mannequin reveals that CCS is doable, protected, and cost-effective. It has additionally helped to develop a business mannequin and a market to assist it. Longship supplies a platform for Norwegian companies and repair suppliers to innovate, leveraging expertise, first-mover benefit, and important offshore storage capability – and it provides European business an important decarbonization choice and options to duplicate.
About Northern Lights
Northern Lights is creating an open and versatile infrastructure to move CO2 from industrial emitters by ship to a receiving terminal in western Norway for intermediate storage, earlier than being transported by pipeline for everlasting storage in a geological reservoir 2,600 metres below the seabed. Operations are scheduled to start out in 2024. The services are below building and can allow Northern Lights to supply a protected and dependable transport and storage service to industrial emitters from throughout Europe. With elevated curiosity from industrial sectors in Europe, further transport and storage capability might be developed as demand grows. Northern Lights JV DA is a registered, integrated General Partnership with Shared Liability (DA) owned equally by Equinor, Shell and TotalEnergies. https://norlights.com/
About Yara
Yara grows information to responsibly feed the world and defend the planet. Supporting our imaginative and prescient of a world with out starvation and a planet revered, we pursue a method of sustainable worth progress, selling climate-friendly crop diet and zero-emission power options. Yara’s ambition is concentrated on rising a nature constructive meals future that creates worth for our clients, shareholders and society at massive and delivers a extra sustainable meals worth chain.
To obtain our ambition, we’ve taken the lead in creating digital farming instruments for precision farming and work carefully with companions all through the meals worth chain to enhance the effectivity and sustainability of meals manufacturing. Through our concentrate on clear ammonia manufacturing, we intention to allow the hydrogen economic system, driving a inexperienced transition of transport, fertilizer manufacturing and different power intensive industries.
Founded in 1905 to resolve the rising famine in Europe, Yara has established a novel place because the business’s solely world crop diet firm. We function an built-in enterprise mannequin with round 17,000 workers and operations in over 60 nations, with a confirmed monitor file of sturdy returns. In 2021, Yara reported revenues of USD 16.6 billion. https://www.yara.com
About Yara Clean Ammonia (YCA)
Yara grows information to responsibly feed the world and defend the planet. Yara Clean Ammonia is uniquely positioned to allow the hydrogen economic system in a market anticipated to develop considerably over the following many years. We intention at considerably strengthening our main world place because the world’s largest ammonia distributor, unlocking the inexperienced and blue worth chains, and driving the event of fresh ammonia globally.
Building on Yara’s main expertise inside world ammonia manufacturing, logistics and commerce, Yara Clean Ammonia works in direction of capturing progress alternatives in low-emission gas for transport and energy, carbon-free meals pro-duction and ammonia for industrial purposes.
Yara Clean Ammonia operates the most important world ammonia community with 12 ships and has entry to 18 ammonia terminals and a number of ammonia manufacturing and consumption websites the world over, via Yara. Revenues and EBITDA for the final 12 months had been USD 3,638 million and USD 172 million respectively as per Q2 2022. Yara Clean Ammonia is headquartered in Oslo, Norway. https://www.yaracleanammonia.com
https://www.yara.com/news-and-media/news/archive/news-2022/major-milestone-for-decarbonising-europe/
