Page 43: of Maritime Reporter Magazine (August 2023)

FOLLOW THE NORTHERN LIGHTS

Børre Jacobsen, Managing Direc- tor of Northern Lights, then said, “This agreement con? rms the commercial po- tential for CCS and demonstrates that the market for transport and storage of

CO2 is evolving rapidly."

The deal was signed after Ørsted won public funding from the Danish Energy

Agency under the ? rst Danish tender of the CCUS Fund to develop a CO2 cap- ture hub for the biomass power stations

Asnæs and Avedøre, from which CO2 will be shipped to the Northern Lights reservoir.

“From 2026 Northern Lights will be shipping the ? rst cargo of biogenic

CO2 from Denmark to Norway,” Børre

Jacobsen said.

In May 2022, Northern Lights JV also signed a memorandum of understanding with Cory, a U.K. based waste manage- ment and recycling company, for Cory to potentially ship carbon dioxide from its 'energy from waste operation' on the

River Thames in London to Northern

Lights’ subsea CO2 storage facilities. A

Northern Lights/Equinor ? rm deal has yet to be signed.

In its annual report for 2022, Northern

Lights said that its existing agreements had full? led the capacity for the ? rst phase of the project, with the customer pipeline for commercial volumes for the phase 2 development progressing.

According to Northern Lights JV, half of these prospective clients come from waste incineration and cement compa- nies, along with hydrogen, re? neries, and steel/metal companies.

Building Lique? ed

CO2 Carriers

In October 2021, Northern Lights or- dered two CO2 carriers for the project from China’s Dalian Shipbuilding In- dustry Co.

The Chinese shipbuilder is building two 130-meter-long lique? ed CO2 car- riers, each with a cargo size of 7,500 m3.

Northern Lights adapted ship designs used for transporting lique? ed petroleum gas, adding a lique? ed CO2 carriage sys- www.marinelink.com 43

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