Carbon capture and storage joint venture Northern Lights has taken a final investment decision on its Phase 2 expansion, boosting the project’s transport and storage capacity from 1.5 mtpa to 5 mtpa of CO2.
The investment decision follows the signing of a commercial agreement with the Swedish energy provider, Stockholm Exergi, for cross-border transport and storage of up to 900,000 tonnes per annum of biogenic CO2 over a 15-year period from 2028.
