Statoil and Shell will present CO2-free gas-plant today

[NorthStar77]

Statoil and Shell will have a press-conference at 09:30 today, presenting their plans for a gas-plant free of CO2-emission. The CO2 will be pumped down in an oil-field in the North Sea, making it possible to take out more oil from the field than originally planned.

This will be of huge importance also for many EU countries, since many EU countries are struggling to get rid of their CO2 from coal-plants. The gas will now have a value, as it can be used to pump out more oil, and therefore make gas and coal-plants more profitable.

http://www.aftenposten.no/nyheter/okonomi/article1242920.ece

More to come..

[Þróndeimr]

Good news, especially nowadays, when Trøndelag is facing the greatest power-shortage in history. And its great news to see they can use CO2 to something a little positive, than having the negative effects to the nature as we see today. I hardly believe i would approve a gas-plant not free for CO2 today, even with the energy emergancy in Trøndelag which will strike us from 2007/2008.

[NorthStar77]

Shell and Statoil have signed an agreement to work towards developing the world's largest project using carbon dioxide (CO2) for enhanced oil recovery (EOR) offshore. The concept involves capturing CO2 from power generation and utilising it to enhance oil recovery, resulting in increased energy production with lower CO2 impact.

The project consists of a gas-fired power plant and methanol production facility at Tjeldbergodden in Mid-Norway, providing CO2 to the Draugen and Heidrun offshore oil and gas fields. Power from the plant will also be provided to the offshore fields, enabling near zero CO2 and nitrogen oxide (NOx) emissions from these installations.

The various elements of the project will be phased in during the period 2010-2012. Establishing this CO2 value chain is technologically and commercially challenging. The project will hence depend on substantial Government funding and involvement. The project will rely on the involvement of industrial stakeholders and electricity users in the region.

The project is in line with international and national climate aspirations and responds to the important challenges of increasing energy supplies and addressing the related CO2 emissions. The project will contribute to long-term power balance in Mid-Norway. At the same time it secures stable power delivery to industry producing vital hydrocarbons for Europe. The project could potentially store approximately 2-2.5 million tonnes of CO2 annually in two different fields.

"This is an important milestone for Shell towards our vision for greener fossil fuels with part of the carbon dioxide captured and sequestrated underground," says Chief Executive Officer Jeroen van der Veer in Shell.

"Our aim is to establish a broad partnership in order to realise this ground-breaking project. This CO2 project responds to vital future challenges facing society, the environment and the industry,” says Chief Executive Officer Helge Lund in Statoil.

Shell pioneered CO2 for EOR in the 1970s. Statoil is a pioneer in CO2 storage through Sleipner in the North Sea, Snøhvit in the Barents Sea and In Salah in Algeria.

http://www.statoil.com/

[Moolio]

Thank Norway... We really need to cut-down our CO2 emissions. I hope these recent measures like the (laughable) Kyoto protocol, alternative fuels and so on don't have effect too late. :(

[NorthStar77]

Actually, Norway is not the enviromentalist country some think it is. The emissions of greenhouse gases has increased 12% from 1991 to 2004. And the "red-green" goverment just rejected beeing part of the "green card" policy together with Sweden, that would have encouraged more exploitation of renewable energy-sources, unknown for what reason(The reasons given does not hold water).

This pumping down CO2-facility will probably cost around 1 billion euro for that plant, so it is dependant on large subsidies to make it profitable. We'll see what happens..