Three global organizations join forces for carbon capture, utilization and storage project

by 7, Oct, 2020Innovation

Specifically, DNV GL, SINTEF and Technology Centre Mongstad (TCM) have signed a memorandum of understanding to further develop carbon capture, utilization and storage technologies to make full-scale CCS a reality globally.

Up to now, CCS is the only available technology that deeply captures and decarbonizes hydrocarbon use.

On 21 September the Norwegian Government announced its decision to provide 13.8-16.8 billion NOK funding to support the realization of the Norwegian Longship CCS project.

The collaboration aims to assist technologies and projects to move more rapidly from demonstration to commercial deployment.

Liv A. Hovem, CEO, DNV GL commented that

There is a significant need to accelerate efforts to scale CCS technology to allow the world to move toward its net-zero targets with greater confidence. Our partnership with TCM and SINTEF will allow us to work closely together to accelerate the deployment of CCS as a critical technology to deliver on nationally and internationally agreed climate targets.

TCM’s capability to facilitate large scale testing and verification of CO2 capture technology allows technology developers the lowest possible technological and financial risk. DNV GL and SINTEF can provide confidence to technology developers and stakeholders by guiding and supporting processes to qualify CO2 capture technology, and providing verification of assets, infrastructure and storage sites.

October 2020