Höegh LNG and Aker BP to Collaborate on  Carbon Transport and Storage Solutions

Höegh LNG and Aker BP have partnered to develop a comprehensive carbon transport and storage offering for industrial CO2 emitters in Northern Europe.

The collaboration will seek to establish a strong value chain for CCS on the Norwegian Continental Shelf, including gathering, transporting, and securely injecting CO2 for permanent storage in subsea reservoirs.

Höegh LNG will spearhead the development of Floating CO2 Storage Units (FCSO) while Aker BP will lead the development of Offshore Injection Facilities and identify suitable subsea reservoirs for CO2 storage.

“Höegh LNG welcomes the opportunity to join forces with Aker BP and deliver a large scale, one-stop shop CCS value chain to industrial emitters before 2030,” said Erik Nyheim, CEO of Höegh LNG. “Together we will provide market-leading solutions for decarbonizing at a low unit cost, contributing to the energy transition in Europe.”

“We expect CCS to play a key role in the transition to a low-carbon energy future. This partnership reflects our ambition to advancing CCS solutions by combining Aker BP’s strengths in subsurface understanding and large-scale project development with Höegh LNG’s technical expertise in the LNG sector” added Karl Johnny Hersvik, CEO of Aker BP.