The Ministry of Vitality in Norway has designated two areas within the North Sea for purposes for carbon dioxide (CO2) storage tasks.
“I’m very happy that a number of firms need storage areas for industrial storage of CO2 on the Norwegian continental shelf. We’ve got developed a system that gives good entry to promising areas. At the moment’s announcement for purposes is one other step on the street in direction of making Norway a central enviornment for CO2 storage as an necessary local weather measure for Europe”, mentioned Minister of Vitality Terje Aasland.
Awards of such areas are a prerequisite for large-scale carbon seize and storage, in keeping with the ministry. The 2 areas introduced by the ministry are a response to inquiries made by firms looking for a number of particular areas for CO2 injection and storage, it mentioned.
“Succeeding with large-scale CO2 storage is necessary for the world to succeed in its local weather targets. Such options are necessary to the Norwegian authorities. That’s the reason we’re facilitating industrial CO2 storage on our continental shelf. If we succeed, such exercise can have the potential to cut back emissions in Europe, whereas creating new and precious jobs in Norway”, mentioned Aasland.
The ministry mentioned that purposes for storage permits might be filed by the deadline day on April 24, 2024. The allowing course of is initiated with the applying, as soon as it’s confirmed that the applicant has “a sufficiently good foundation for making use of”.
The ministry mentioned that the Norwegian authorities is facilitating the socio-economically worthwhile storage of CO2 on the Norwegian continental shelf.
“Firms which have the required experience and which have particular, industrial plans that entail a necessity for storage on a industrial foundation can apply to the Ministry of Petroleum and Vitality for a license tailored to the wants of the enterprise”, the ministry mentioned.
Moreover, the federal government will conduct a predictable, environment friendly, and versatile course of to award industrial gamers entry to related storage choices, it mentioned.
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