Norway-based Horisont Energi (Horisont) has confirmed that it will work with Norwegian industrial area Haugaland Næringspark to locate the Errai carbon capture and storage (CCS) project – Norway’s first commercial carbon dioxide (CO2) project.
Horisont Energi has entered into an option agreement with Haugaland Næringspark to locate the land- based CO2 terminal for the Errai carbon capture and storage project to Gismarvik in Rogaland, where Haugaland Næringspark has one of Norway’s largest industrial areas. Errai is the first commercial CO2 storage project in Norway, and it can have a major impact on the development of the carbon market in Europe.
Neptune Energy's partner, Horisont Energi, has entered into an option agreement on the location of an onshore terminal for the Errai carbon capture and storage (CCS) project in Norway.
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Founder and CEO Knut Vassbotn had hoped that newly established wind venture Deep Wind Offshore had come further in its first full year of operation. However, Norway is slower to pick up offshore wind than expected, he explains to ShippingWatch. ”Not to say the ship has sailed, but we expect to see significantly more advancement this year.”