World’s first CO2 storage service soon ready in Norway

Norway is set to inaugurate the Northern Lights project, the world’s first commercial CO2 storage service. The facility on Oygarden island will capture CO2 emissions from European factories and inject them into undersea reservoirs. With an initial capacity of 1.5 million tonnes of CO2 per year, the project aims to demonstrate the feasibility of carbon capture and storage (CCS) technology. Despite its potential to combat climate change, CCS remains costly and heavily dependent on subsidies. The project is expected to start operations in 2025.READ FULL