Baker Hughes and Borg CO2 to collaborate to develop Carbon Capture & Storage Hub for Industrial Cluster in Norway. The project aims to capture and store up to 90% of the CO2 emissions from the involved industrial sites, playing an important role in contributing to the Paris Agreement goals.
Baker Hughes, an energy technology company, and Borg CO2 AS, a Norwegian carbon capture and storage developer for industrial clusters, have announced a memorandum of understanding (MOU) to collaborate on a carbon capture and storage project to serve as a hub for the decarbonization of industrial sites in the Viken region of Norway.
With the technology competencies and experience of Baker Hughes supporting us, we believe that Borg CO2 is better positioned to take the next steps towards commercialization and achieve our goals for the project.
Tore Lundestad, Managing director of Borg CO2 and Harbour Master for the port of Borg
The Borg CO2 project includes several industry partners, as well as the Port of Borg. It aims to capture and store emissions from industrial facilities located in Fredrikstad, Sarpborg, and Halden.
Capture and store up to 90% of the CO2 emissions
The combined industrial cluster is currently responsible for approximately 700,000 tonnes of CO2 emissions annually. After being captured, the CO2 will be liquified, shipped, and eventually stored underneath the seabed of the North Sea. In April 2021
The project aims to capture and store up to 90% of the CO2 emissions from the involved industrial sites, playing an important role in contributing to the Paris Agreement goals
Today, industrial clusters represent around 20% of
Europe´s CO2 emissions. Significant decarbonization is not possible without carbon capture, utilization, and storage.
Rod Christie, Executive Vice President of Turbomachinery & Process Solutions at Baker Hughes
Borg CO2 and Baker Hughes aim to progress plans for CO2 capture, liquefaction, and transportation on a waste-to-energy plant in Sarpsborg and develop plans for emitters in Fredrikstad using Baker Hughes’ technology.
-A project like this showcases a win-win approach where permanent storage combined with the possibility of sustainable usage of smaller volumes of biogenic CO2 will help to achieve net-zero, and with the industrial facilities potentially receiving revenue by selling negative CO2 emissions, says Tore Lundestad.
About Baker Hughes
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Visit Baker Hughes for more information.
About Borg CO2
Borg CO2 AS is a Norwegian Limited Liability Company. Its purpose is to develop carbon capture and storage (CCS) technology, primarily for industrial facilities in Viken (Østfold), Norway. The CO2 capture potential of the full-scale CCS cluster is 630,000 tonnes annually from five regional industrial sources. The port of Borg will serve as a host for a future CO2 terminal. Borg CO2 is supported by CLIMIT, a national programme for research, development and testing of CCS technologies. Visit Borg CO2 for more information.