Carbon Capture Industries

Mongstad. Credit: Marius Dobilas/Shutterstock

Norway is a world-leading knowledge hub for carbon capture technologies across a range of industries, housing the world’s largest carbon capture test center and developing the world’s first full-scale carbon capture value chain. 

Hub for carbon capture innovation

Norway is home to the world’s largest test center for carbon capture and storage (CCS): Technology Centre Mongstad, providing a unique arena to develop and test carbon capture solutions. 

International heavyweights including Aker Solutions (Norway), Alstom SA (France), Cansolv Technologies (Canada), Carbon Clean Solutions (UK/India), ION Engineering (USA) and Fluor Corporation (USA) have all trialled their CCS solutions at Mongstad. 

World’s first complete carbon capture value chain 

The Norwegian parliament has greenlit the construction of a full-scale, integrated CCS system — the first of its kind in the world. The Longship project, as it is called, encompasses the entire value chain from carbon capture to transport and storage and is the first of its kind in the world.

The value chain encompasses carbon capture at select industrial sites, as well as a groundbreaking value chain for transpiration and storage of carbon from industrial sites all across Europe. 

A burgeoning blue hydrogen industry

Hydrogen will likely play a major role in the decarbonization of transportation and electricity production. Norwegian companies have access to excellent technology clusters and knowledge centers working with developing and implementing hydrogen solutions, particularly in the maritime industries. 

This has given rise to a burgeoning hydrogen production industry, with Norwegian companies benefitting from homegrown carbon capture expertise to develop an ecosystem for hydrogen production with integrated carbon capture — so-called “blue hydrogen”. As the demand for hydrogen is expected to grow significantly in the coming years, companies stand to benefit from Norwegian carbon capture expertise to supply hydrogen with a minimal carbon footprint. 

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Per Stensland

  • Investment Manager
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