popular articles

Norne and Port of Aalborg sign 30-year exclusive deal for CO2 hub

Norne and the Port of Aalborg begin construction of a 15 mn tonne per year CO2 terminal, supported by an EU grant.

Please share:

Norne Carbon Storage Hub, a portfolio company of Fidelis New Energy, LLC, has signed a 30-year exclusive agreement with the Port of Aalborg for the operation of a large-scale carbon dioxide reception infrastructure. The partnership includes a grant from the European Union’s Connecting Europe Facility (CEF), a programme aimed at accelerating the development of strategic cross-border energy infrastructure.

The project’s initial phase is designed to process 15 mn tonnes of CO2 annually. The European grant will co-finance the construction of a new 500-metre quay in the port, representing 60,000 square metres of operational area. This site will serve as an entry point for CO2 captured in Denmark and the surrounding region, directed towards onshore or nearshore storage, as well as industrial applications involving beneficial use.

Technical progress and strategic status

Norne has completed front-end engineering and design (FEED) studies for all facilities, including a connecting pipeline to nearby storage sites. Environmental and ecological assessments have also been carried out. In 2023, the project received the designation of “Project of Common Interest” (PCI) from the European Commission, a status that expedites permitting by facilitating the environmental impact assessment process.

The PCI status also enables Norne to apply for additional grants under the CEF programme to support future development phases across the CO2 value chain. The construction of the new quay will mark the start of operational deployment of the storage hub, consolidating the Port of Aalborg’s role as a central point in Denmark’s carbon capture and storage infrastructure.

Industrial outlook and regional role

Kristian Thulesen Dahl, Chief Executive Officer of the Port of Aalborg, stated: “We are very pleased to continue the work we have carried out with Fidelis and Norne since 2021 to position the Port as a strategic centre for CO2 storage. This collaboration represents a growth lever to attract new industries.”

Lars Bo Christiansen, President of Norne, added that the company aims to expand its current capacity and welcome industrial projects requiring decarbonisation solutions. He highlighted ongoing cooperation with European institutions and the Danish government.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Höegh Evi and Aker BP receive DNV approval for next-generation CO₂ carrier

Höegh Evi and Aker BP received Approval in Principle from DNV for a maritime carrier designed to transport liquefied CO₂ to offshore storage sites in Norway.
The Lagos State government has launched a programme to deploy 80 million improved cookstoves, generating up to 1.2 billion tonnes of tradable carbon credits.
The Lagos State government has launched a programme to deploy 80 million improved cookstoves, generating up to 1.2 billion tonnes of tradable carbon credits.
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.

EU and UK carbon prices stall pending regulatory clarification

European and UK carbon markets paused this week as participants await clarity on future integration of both emissions trading systems.
A consortium led by European Energy has secured prequalification for a Danish carbon capture and storage project in Næstved, aiming to remove 150,000 tons of CO₂ per year under a national subsidy programme.
A consortium led by European Energy has secured prequalification for a Danish carbon capture and storage project in Næstved, aiming to remove 150,000 tons of CO₂ per year under a national subsidy programme.
The joint project by Copenhagen Infrastructure Partners and Vestforbrænding is among ten initiatives selected by the Danish Energy Agency for public carbon capture and storage funding.
The joint project by Copenhagen Infrastructure Partners and Vestforbrænding is among ten initiatives selected by the Danish Energy Agency for public carbon capture and storage funding.
Canadian broker One Exchange partners with Stephen Avenue Marketing to create OX CO₂, a carbon trading platform combining digital technology and human expertise.
Canadian broker One Exchange partners with Stephen Avenue Marketing to create OX CO₂, a carbon trading platform combining digital technology and human expertise.

Russia Challenges European Carbon Taxes at the WTO

Russia has filed a complaint with the World Trade Organization (WTO) challenging the European Union's Carbon Border Adjustment Mechanism (CBAM), deeming it discriminatory and protectionist towards its strategic commodity exports.
BP recommends extending the UK emissions trading system through 2042 and calls for alignment with the European market while supporting the inclusion of carbon removals in the scheme.
BP recommends extending the UK emissions trading system through 2042 and calls for alignment with the European market while supporting the inclusion of carbon removals in the scheme.
Aker takes over Aker Carbon Capture’s stake in SLB Capturi for NOK635mn, ahead of a NOK1.7bn distribution and company dissolution.
Aker takes over Aker Carbon Capture’s stake in SLB Capturi for NOK635mn, ahead of a NOK1.7bn distribution and company dissolution.
The partnership aims to develop a full logistics chain for CO2 capture, transport, liquefaction and storage, focused on Calcinor’s industrial operations.
The partnership aims to develop a full logistics chain for CO2 capture, transport, liquefaction and storage, focused on Calcinor’s industrial operations.

Oil majors intensify CCS investments amid new regulations

In response to increasingly stringent environmental regulations, the world's leading oil companies are significantly boosting their investments in carbon capture and storage (CCS) technologies, reshaping their industrial and financial strategies.
HYCO1 and Malaysia LNG Sdn. Bhd. have signed a memorandum of understanding for a carbon dioxide (CO2) capture and utilization project in Bintulu, Malaysia, aiming to transform 1 million tons of CO2 per year into low-emission syngas.
HYCO1 and Malaysia LNG Sdn. Bhd. have signed a memorandum of understanding for a carbon dioxide (CO2) capture and utilization project in Bintulu, Malaysia, aiming to transform 1 million tons of CO2 per year into low-emission syngas.
Carbon Capture, Utilization, and Storage (CCU) technologies are gaining traction in hard-to-decarbonize industrial sectors, offering innovative and economically viable solutions. The Oxford Institute for Energy Studies report explores these new pathways.
Carbon Capture, Utilization, and Storage (CCU) technologies are gaining traction in hard-to-decarbonize industrial sectors, offering innovative and economically viable solutions. The Oxford Institute for Energy Studies report explores these new pathways.
The outcome of Australia's elections could redefine national carbon market regulations, potentially triggering significant shifts in emissions reduction policies, directly impacting local carbon credit prices (ACCU).
The outcome of Australia's elections could redefine national carbon market regulations, potentially triggering significant shifts in emissions reduction policies, directly impacting local carbon credit prices (ACCU).

S&P Commodities: Renewable Credit Retirements Drop 34%, Issuances Halved

According to the latest data from S&P Global Commodity Insights, voluntary carbon markets experienced a significant contraction, with renewable credit retirements dropping by 34% in March and issuances decreasing by half.
Telecom operators and data centres recorded a rise in greenhouse gas emissions in 2023, diverging from the national decline reported during the same year.
Telecom operators and data centres recorded a rise in greenhouse gas emissions in 2023, diverging from the national decline reported during the same year.
Fidelis Infrastructure has entered a 15-year agreement with Microsoft to supply biomass-based carbon capture solutions in Baton Rouge, marking the world’s largest permanent carbon removal transaction to date.
Fidelis Infrastructure has entered a 15-year agreement with Microsoft to supply biomass-based carbon capture solutions in Baton Rouge, marking the world’s largest permanent carbon removal transaction to date.
The Danish government has granted Norne Thorning Storage an exploration licence to assess the Thorning geological structure for potential underground carbon dioxide storage by 2030.
The Danish government has granted Norne Thorning Storage an exploration licence to assess the Thorning geological structure for potential underground carbon dioxide storage by 2030.

China and India urge BRICS to counter unilateral carbon mechanisms and tariffs

In Brasilia, China and India urged BRICS members to resist carbon taxes and trade measures imposed without international consensus, calling for stronger existing multilateral frameworks.
Subsea7 has been awarded a major contract by Equinor for Phase 2 of the Northern Lights project, involving the installation of a CO2 pipeline offshore Norway, with operations scheduled for 2026 and 2027.
Subsea7 has been awarded a major contract by Equinor for Phase 2 of the Northern Lights project, involving the installation of a CO2 pipeline offshore Norway, with operations scheduled for 2026 and 2027.
Driven by investment in low-carbon technologies, the global decarbonisation market is expected to reach $4.7tn by 2033, according to Allied Market Research, with an average annual growth rate of 8.1%.
Driven by investment in low-carbon technologies, the global decarbonisation market is expected to reach $4.7tn by 2033, according to Allied Market Research, with an average annual growth rate of 8.1%.
Norwegian joint venture Northern Lights, backed by Equinor, Shell and TotalEnergies, will invest NOK7.5bn to expand its CO2 storage infrastructure following a new industrial contract signed in Sweden.
Norwegian joint venture Northern Lights, backed by Equinor, Shell and TotalEnergies, will invest NOK7.5bn to expand its CO2 storage infrastructure following a new industrial contract signed in Sweden.

Advertising