A complete and sustainable value chain for carbon capture-, transport and storage
The carbon market is the new emerging trillion dollar-market. To develop a commercial value chain of CCS is essential to the decarbonization of European industry.
100 million tonnes
CCS – Carbon capture and storage
A complete value chain for CCS
Polaris, offshore in the Barents Sea
The world is impatient and the need to cut emissions from both Norwegian and European industry is huge. We are developing carbon storages through our cutting edge carbontech, providing cost leading carbon storage for your business needs ,and developing CCS as a commercial industry in Norway.
Polaris is our first carbon storage and is located several hundred meters below the seabed in the Barents Sea. 100 km off the coast of Finnmark in northern Norway, the Polaris project will build a new Norwegian carbon industry with both carbon storage and utilisation.
The Polaris reservoir is currently undergoing subsurface assessment and studies. The offshore pre-survey is completed. In June 2022 the storage licence was formally approved by the Ministry of Oil and Energy.
The company aims to establish new partnership to operate on the Polaris field.
Eqiunor and Vår Energi is formally a part of the awarded license until June 2023 as they discontinued their partnership 31.01.2023.