OSLO, Norway – DNV GL has signed a memorandum of understanding (MoU) with Norwegian technology institute SINTEF and Technology Centre Mongstad (TCM) on further development of carbon capture, utilization and storage (CCS) technologies.
CCS is currently the sole process for deep decarbonization of hydrocarbon use, DNV GL pointed out, so scaling the technology will be critical to help industries comply with national and international climate targets.
Forecasts suggest CCS will not begin to emerge at scale until 2030, and not to a significant level until 2040 without government incentives and an industry focus on ways to reduce the cost of the technology.
In September Norway’s government announced it would provide up to NOK16.8 billion ($1.8 billion) in funding for the Norwegian Longship CCS project.
This targets capture of CO2 emissions from the cement industry, transport of CO2 by ship, and temporary storage of CO2 prior to pipeline transportation and finally storage subsurface in the North Sea (the Northern Lights project).
The MoU aims to help technologies and projects progress more rapidly from demonstration to commercial deployment. TCM can facilitate large scale testing and verification of CO2 capture technology.
DNV GL and SINTEF will offer confidence to technology developers and stakeholders by guiding and supporting processes to qualify CO2 capture technology, and through verification of assets, infrastructure, and storage sites.