Equinor exits Barents Blue and Polaris
Norwegian state-owned company walks away from ammonia and associated CCS projects after cooperation agreement expires
Norwegian state-owned energy company Equinor has walked away from the Barents Blue ammonia production project and the associated Polaris offshore CO₂ storage project in the Barents Sea after the expiry of its cooperation agreement with the other project partners. Equinor gave no further details of its decision to leave the two projects located in northern Norway. Spanish fertiliser group Fertiberia has come in as a new project partner on Barents Blue and Polaris, replacing Equinor and Norwegian energy company Var Energi, which has also left both projects. Norway’s Horisont Energi remains as the operator of Barents Blue. “We are pleased to see that Horisont Energi will continue to mature the
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology