Borg CO2 and Baker Hughes collaborate on storage hub and carbon capture

An energy technology company, Baker Hughes, and a Norwegian carbon capture and storage developer, Borg CO2 AS, have announced a memorandum of understanding to collaborate on a carbon capture and storage project. The project will serve as a hub for the decarbonisation of industrial sites in the Viken region of Norway.

Tore Lundestad, managing director of Borg CO2, said: “A project like this showcases a win-win approach where permanent storage combined with the possibility of sustainable usage of smaller volumes of biogenic CO2 will help to achieve net-zero, and with the industrial facilities potentially receiving revenue by selling negative CO2 emissions.”

The combined industrial cluster is currently liable for approximately 700,000 tpy of CO2 emissions. After being captured, the CO2 will be liquefied, shipped and stored underneath the seabed of the North Sea. 

Borg CO2 and its partners have concluded a first feasibility study, which is scheduled to be finalised by the end of 2021. Borg CO2’s industrial cluster approach delivers a major opportunity for Baker Hughes to test and scale its wide-ranging carbon capture, utilisation and storage technologies portfolio on several types of processes. 

Rod Christie, executive vice president of Turbomachinery & Process Solutions, said: “Our collaboration with Borg CO2 will accelerate development of new energy frontiers like CCUS, and we believe it is critical to help them at an early stage by strategically supporting with our best in class technology.”

The project hopes to capture and store up to 90 percent of the CO2 emissions from the involved industrial sites – playing a significant role in the Norwegian national emissions reduction targets.

For more information visit www.borgco2.no

24th June 2021