OSLO: Norway on Tuesday launched a flagship carbon capture and storage (CCS) project, a technology seen as crucial to curbing climate change but struggling to find a viable economic model.
Bearing the English name for the Vikings’ wooden ships, the Longship project involves capturing carbon dioxide emitted from a cement plant and later from an incineration plant, transporting it by ship to a terminal on Norway’s west coast, and then injecting and storing it beneath the seabed.
The project has received significant financial support from the Norwegian state, which will cover 22 billion kroner (US$2.2 billion) of the total estimated cost of 34 billion kroner for the installation and operation over the first 10 years.