Yara and Northern Lights in major cross-border carbon deal
Shipment of CO₂ from Dutch ammonia plant to Norwegian storage site will require bilateral agreement at government level
Fertiliser producer Yara and carbon storage developer Northern Lights have signed a deal to ship c.12mt of CO₂ from a Dutch ammonia plant to a permanent subsea storage site on the Norwegian continental shelf over a 15-year period. The deal marks a breakthrough in the development of the international CO₂ storage market, but it also highlights a mismatch between current regulations and the needs of that market. In order to start shipments, a bilateral agreement between the governments of Norway and the Netherlands will need to be in place to circumvent wider regulations that still prohibit cross-border movement of CO₂ for storage. “We are in active dialogue with the respective governments and
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence