FUNDING FROM NORWEGIAN

Government For Clean Energy Initiative

Investor relations, Höegh LNG and technology group Wärtsilä have received €5.9 million in funding from the Norwegian government’s green platform programme to develop a solution using ammonia as a hydrogen carrier for the energy market. The project will seek to increase the viability of using hydrogen as a replacement for fossil fuels. A system will be developed to convert ammonia to hydrogen in a process that can be installed onboard a floating terminal to be owned and operated by Höegh Floating Terminals offer benefits including greater flexibility for relocation and minimal use of coastal land. They may also provide lower overall costs, improved safety and competitive hydrogen prices.

Belgium

INEOS-LED CONSORTIUM ANNOUNCES BREAKTHROUGH IN CCS

Crown Prince Frederik of Denmark officially initiated a world first with the safe injection of carbon dioxide from Belgium into a depleted oil field in the Danish North Sea.

Project Greensand, a consortium of 23 organisations, showcases the feasibility of CO2 storage from being captured at an INEOS Oxide site in Belgium, to being transported cross-border and finally safely and permanently stored in the INEOS operated Nini field in the Danish North Sea.

By 2030, Project Greensand aims to store up to 8 million tonnes of CO2 per year in this area while continuing to make significant contributions to our understanding and growth of carbon storage technology. The CO2 injected into the Nini field is stored at a depth of about 1,800 metres below the seabed and will be closely monitored.