Northern Lights presents annual report 2023
April 9, 2024
Today, Northern Lights JV presents its annual report for 2023. The report outlines a year of substantial progress, strategic partnerships, and groundbreaking commercial agreements, reinforcing Northern Lights’ role in supporting European climate ambitions.
“I am proud to reflect on a year marked by strong progress in the development of the Northern Lights carbon transport and storage infrastructure and the carbon capture and storage industry. With signed agreements to store CO2 from the Netherlands and Denmark, Northern Lights is spearheading the commercial market for CCS services in Europe”, says Company Chair Svein Skeie.
In 2023, Northern Lights strengthened its CO2 transport capabilities by the fleet expansion from two to four dedicated CO2 ships, and the physical construction of the offshore and onshore facilities is getting towards completion.
“Northern Lights is on schedule to complete the construction of our transport and storage infrastructure and get ready to receive CO2 from the end of 2024. Our terminal in Øygarden and the offshore developments are now more than 90% completed and our first two ships are also on track to be completed this year”, says Managing Director Børre Jacobsen.
