German government paves the way for CO₂ storage and use  intended to enable the use of CCS and CCU , as well as the transport and storage of CO₂. Federal Cabinet today approved the draft bill amending the Carbon Dioxide Storage Act.

Norway as a key player in Europe’s new CO₂ market with the decision opens up major economic opportunities for Norwegian companies along the entire CCS value chain – from transport and storage to infrastructure development and operation. In particular, Norway’s leading role in CO₂ storage, for example through the Northern Lights project, positions the country as a natural partner for German industry.

Germany is thus clearly committing to the industrial use and storage of CO₂, especially for emissions that are difficult to avoid in sectors such as cement, lime and waste incineration. Since CO₂ pipelines and storage capacity have not yet been established in Germany, the law initially facilitates export – and Norway is ready.

Nicely timed with our FEED phase now underway on a large scale low-pressure LCO2 tank, supported by our partner Yinson Production, targeting the large scale required for storage and injection in the Norway offshore sector, while also supporting the demand for larger LCO₂ shipping.