Our ambitions and portfolio of CCS projects (Sept.Carbon capture and storagethe technology that traps carbon dioxide from industrial processes and. Equinor and German energy major RWE to cooperate Updated April 24, 2023, 9:23 am EDT / Original April 23, 2023, 3:30 am EDT.Equinor acquires stake in Bayou Bend CCS project (press release, August 2023).In August 2023, Equinor acquired a 25 percent interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas. We are also exploring synergies between renewables and oil and gas value chains. We are focusing on options to maintain the competitiveness of oil and gas in a low-carbon future, with efforts in the area of storage and utilisation of CO 2, decarbonisation of natural gas through hydrogen value chains, and low carbon fuel transportation solutions. Leveraging our R&D and innovation capabilities will be key to developing new energy solutions at an acceptable cost. The UK energy industry has urged ministers to accelerate their support for the nascent sector to capture carbon emissions after Rishi Sunak pledged on Monday to maximise production of oil and gas. Operating the technology center Mongstad since 2012, the world’s largest and most flexible plant for testing and improving technologies for CO 2 capture.Onshore CO 2 storage experience from In-Salah, Algeria.There are two approaches a liquid approach where air is passed through a chemical solution to remove the CO2 and a solid approach where filters chemically bind with CO2. 25 years of experience of offshore CO 2 storage in the Sleipner field and 13 years in the Snøhvit field in Norway. One method of reducing CO2 is direct air capture, a technology that uses chemical reactions to pull carbon out of the air.Equinor is already one of the largest CCS operators worldwide.Operated by Equinor.Ģ020 26 commercial CO 2 storage facilities in operation globally with a total capacity of around 40 million tonnes per year (GCCSI, 2020) Operated by Equinor.Ģ008 Second industrial-scale CO 2 storage in Europe at Snøhvit Field, offshore Norway. 1996 First dedicated CO 2 storage at the Sleipner field off the Norwegian coast.
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