Norway has started work on Project Longship, a ?1.7 billion project that could bury vast amounts of captured carbon under the North Sea in an effort to slow climate change.
Named Project Longship, the initiative will involve injecting carbon dioxide captured from factory emissions in depleted oil and gas fields.
The carbon capture and storage (CCS) project could eventually see a total of up to 1.25 billion tonnes of CO2 sequestered in former fossil reserves deep beneath the sea. Phase one of the project is expected to be completed by 2024 when capacity will reach 1.5 million tonnes per year.
"The industry players are now well underway with the work," said Tony C Tiller, state secretary at Norway's Ministry of Petroleum and Energy. "The first contracts have been outsourced to Skanska, Aker, Kvaerner and more," he told Dezeen. "The Ministry of Petroleum and Energy has approved a plan for development, construction and operation for the storage part of the Longship project."
Project Longship part of Norway's plan to become carbon-neutral
The project is part of Norway's commitment to meet the goals of the 2015 Paris Agreement, which compels signatories to achieve net-zero emissions by 2050 in order to give the world a chance of capping global warming at 1.5 degrees Celcius above pre-industrial levels.
Norway expects the scheme to help it achieve its commitment to becoming carbon-neutral by 2050 while generating thousands of new jobs in the process....