Baker Hughes and Borg CO2 to Collaborate to Develop Carbon Capture & Storage Hub for Industrial Cluster in Norway
22 Juni 2021 - 2:00PM
Business Wire
- Landmark project aims to capture and store up to 630,000 tonnes
of carbon dioxide (CO2) emissions annually - including ~70% that
are biogenic - from three main locations.
- 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.
Baker Hughes (NYSE: BKR), 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. 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, the United Nations Sustainable Development Goals and the
Norwegian national emissions reduction targets.
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The Borg CO2 project includes several industry partners, as well
as the Port of Borg, and aims to capture and store emissions from
industrial facilities located in the cities of Fredrikstad,
Sarpborg and Halden. 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, Borg CO2 announced an MOU with Northern Lights JV, who
will provide shipping and storage of CO2 as a service provider for
Borg CO2.
Borg CO2 and its partners have completed a first feasibility
study and are proceeding with an extended feasibility study
(pre-FEED) to be completed by the end of 2021 which Baker Hughes
will support with its portfolio of carbon capture technologies and
engineering services for the study and development of the hub. In
addition, Baker Hughes and Borg CO2 will jointly evaluate the
optimal structure for implementation of the carbon capture plants
and pursue grant and incentive opportunities both in Norway and at
the EU level.
Borg CO2’s “industrial cluster” approach provides a prime
opportunity for Baker Hughes to test and scale its wide-ranging
carbon capture, utilization and storage (CCUS) technologies
portfolio on several types of processes including its Chilled
Ammonia Process (CAP) and Compact Carbon Capture (CCC)
solutions.
“Today, industrial clusters represent around 20% of Europe’s CO2
emissions. Meaningful decarbonization is not possible without
carbon capture, utilization and storage, and this collaboration
demonstrates how CCUS technology is accelerating from concept
toward commercialization with real-world impact,” said Rod
Christie, executive vice president of Turbomachinery & Process
Solutions at Baker Hughes. “Our collaboration with Borg CO2 will
accelerate development of new energy frontiers like CCUS, and we
believe it is critical to help them at an early stage by
strategically supporting with our best in class technology.”
“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,” said Tore Lundestad, managing director of Borg
CO2 and Harbour Master for the port of Borg. “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”.
The Baker Hughes CCUS portfolio features advanced
turbomachinery, solvent-based state-of-the-art capture processes,
well construction and management for CO2 storage, and advanced
digital monitoring solutions. Baker Hughes has a longstanding
presence in Norway with six facilities and approximately 2,000
employees.
About Baker Hughes Baker Hughes (NYSE: BKR) is an energy
technology company that provides solutions to energy and industrial
customers worldwide. Built on a century of experience and with
operations in over 120 countries, our innovative technologies and
services are taking energy forward – making it safer, cleaner and
more efficient for people and the planet. Visit us at
www.bakerhughes.com.
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. Since 2018, it has worked on mapping the
opportunity to develop CCS for an industrial cluster and has
recently finished a complete feasibility study. The feasibility
study had 18 partners representing process industry, waste
management, logistics, energy, carbon capture technology,
technology providers and academia. Borg CO2 are now conducting a
pre-FEED with 9 partners and CLIMIT support, based on the
feasibility study. 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:
www.borgco2.no.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210622005430/en/
For Baker Hughes:
Media Relations Helen Roberts +44 (0)7557 812474
Helen.Roberts@bakerhughes.com
Investor Relations Jud Bailey +1 281-809-9088
investor.relations@bakerhughes.com
For Borg CO2:
Media Relations Jon Hermansen, Project manager + 47
94813171 jon@biobe.no
Pål Mikkelsen, Chair of the steering committee + 47 94833423
post@stormkastutvikling.no
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