A local solution with a global impact
Gismarvik CO2 Hub
The planned CO2 hub at Gismarvik can be one of Europe’s largest injection hubs with an annual capacity for intermediate storage of 24 million tonnes before transported to a safe storage below the seabed in the North Sea.
The Gismarvik CO2 terminal can be a break through for the development of local and Norwegian CCS value chains. With an accessible location and deep water quay, we will enable CO2 transport and storage for both local and European customers.
A recent study done by SINTEF and CCS Haugalandet – a local CCS cluster, shows that an onshore terminal for intermediate CO2 storage enables cost efficient CCS value chains for local customers and industry. The closer the terminal is, the lower costs. In the Haugaland CCS-cluster alone there is potential to reduce emissions by 1,5 million tonnes annually.
The Gismarvik CO2 terminal is a technical mature project with robust operations and economics of scale. With it’s location on the Norwegian coast, the CO2 terminal will be close and available for several offshore CO2 storages.
CO2 terminals and hubs as a concept will enable the development of a land-based CCS industry in Norway, thus bridging the gap between European customers and the Norwegian Continental Shelf. With the experience of using CCS technology in Norway for decades, and the estimated storage capacity offshore equivalent to the EUs CO2 emissions over 25 years – Norway is the perfect host for a CCS industry.
We have ambitions to make the Gismarvik CO2 terminal a leading hub for CO2 injections, connecting the onshore terminal to several offshore reservoir projects and enabling safe and cost efficient CO2 storage for both European and domestic customers.
The CCS industry in Norway is developing rapidly, as well as the need and demand for reservoir storage from European customers. We want to be at the forefront of this development using technology solutions that is scalable and accessible.
Key facts
CO2 hub capacity:
24 million tonnes CO2 annually
Location:
Haugalandet Industrial Park, port of Gismarvik
Technical solution:
Technical mature project with flexibility to connect to several licenses in the North Sea
Local emissions:
Solution to enable zero emission industry in Rogaland
CO2 import:
Local CO2 by pipeline or trucks, offloading European CO2 from ships.
Estimated production start:
2029
The CCS industry explained
What does CCS stand for? Why is it defined as one of the key measures by the IPCC (UN’s intergovernmental panel on climate change) to prevent and reverse climate change? How does the technology work, and why is Norwegian industry key to develop the CCS market?
We know it’s a lot to take in. The most important thing to remember about CCS is that it is crucial in reducing emissions in the short run, and in the long run enabling negative emissions.