Following the final investment decision in 2025, Northern Lights Phase 2 is progressing on schedule. Detailed engineering is in full swing; construction activity is increasing at the Øygarden receiving terminal, and fabrication of major components is underway across several industrial yards.  

The expansion will more than triple the transport and storage capacity, from today’s 1.5 million tonnes of CO₂ per year to more than 5 million tonnes annually by 2028. To enable this, Phase 2 includes new onshore storage tanks and pumps, a new jetty for larger and more frequent CO₂ shipments, two new offshore injection wells, an extended subsea pipeline system and additional purpose-built CO₂ transport vessels. 

The onshore construction in Øygarden started in August and the main on-going activities are related to jetty 2 and groundwork for foundations for additional storage tanks and a new substation. This infrastructure builds directly on the operating Phase 1 system, which received and stored its first CO₂ volumes in 2025.  

Shipping fleet expansion to meet rising demand  

CO₂ shipping is central to Northern Lights’ flexible and scalable concept. As part of the Phase 2 build-out, the fleet is expanding from four to eight dedicated CO₂ ships, with new ships scheduled for delivery between 2028 and 2029. These next generation ships will serve a growing network of European loading ports, helping to accelerate the adoption of CO₂ transport and storage across the continent.  

A growing European customer base  

Northern Lights is emerging as a backbone for continental climate solutions. Five industrial emitters, including partners in Sweden, Norway, the Netherlands, and Denmark, have already secured long-term agreements to use our service. Interest from additional European industries continues to grow as companies seek reliable ways to decarbonise operations that cannot easily be electrified.  

A long-term commercial agreement with Stockholm Exergi for biogenic CO₂ storage was a key catalyst for launching Phase 2, confirming Northern Lights’ commitment to offer an effective solution for European companies to reduce emissions.  

Northern Lights’ Phase 2 is supported by the EU’s Connecting Europe Facility. The project demonstrates what is possible when public policy, private capital, and industrial innovation come together with shared purposes.  

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