DNV GL, TCM and SINTEF join forces in major international carbon capture and storage partnership
Three international organizations specializing in technology research, testing, advisory services, and standardization have joined forces to find new ways to accelerate the adoption of carbon capture, utilization and storage (CCUS) technology in emissions-heavy industries, DNV GL said in its release. 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.
CCS is the only currently available technology to deeply decarbonize hydrocarbon use. Scaling the technology will be critical to a range of industry sector’s ability to align with national and international climate targets. DNV GL’s 2020 Energy Transition Outlook forecasts that the technology will help mitigate more than 2 gigatonnes of CO2 emissions by mid-century. However, the forecasts also indicate that CCS will not begin to scale until 2030, and not to a significant level until 2040 without government incentives and with industry focusing on finding ways to reduce the cost of CCS technology.
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 . All parties have provided consultancy support to enable the realization of this project, which boasts many first-of-a-kind elements, including capture of CO2 emissions from the cement industry, transport of CO2 by ship, and temporary storage of CO2 prior to pipeline transportation and storage.
The aim of the memorandum of understanding is to assist technologies and projects to move more rapidly from demonstration to commercial deployment. 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.
