Seven European Companies Partner With Equinor on Carbon Capture
September 05 2019 - 1:13PM
Dow Jones News
By Dieter Holger
Equinor ASA (EQNR.OS) said Thursday that it had entered into a
partnership with seven European companies to develop carbon capture
and storage.
The effort, called the Northern Lights project, will store
carbon-dioxide in a reservoir in the northern part of the North
Sea, Equinor said.
Companies that signed on to support the project include Air
Liquide SA (AI.FR), ArcelorMittal (MT.FR), Ervia, Fortum Oyj
(FORTUM.HE), HeidelbergCement AG (HEI.XE), Preem and Stockholm
Exergi, Equinor said.
Equinor said the partners are cutting costs and aim to make an
investment decision next year.
"Sustainable carbon capture and storage projects can only be
developed in cooperation between governments and companies," said
Eldar Saetre, president and chief executive of Equinor.
Write to Dieter Holger at dieter.holger@dowjones.com;
@dieterholger
(END) Dow Jones Newswires
September 05, 2019 12:58 ET (16:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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