Gassnova is pleased with the state budget for 2019

   
"We are pleased with the government's commitment to CO2 capture and storage," says Trude Sundset, CEO of Gassnova SF.
 

"Both the UN Climate Panel and the International Energy Agency point out that CO2 capture and storage is essential if we are to reach the Paris agreement's climate targets," says Sundset. She refers to the report that came today, stressing that it is really urgent to get started with comprehensive climate measures.

The Government's proposal includes funds for the continuation of the Norwegian CCS Demonstration project, continuation of the CLIMIT research program and increased investment in the Technology Center Mongstad (TCM).

The Norwegian CCS Demonstration Project is on track

"The Norwegian National Budget for 2019 ensures that the work on a the Norwegian CCS Demonstration Project is continuing," says Sundset. The Government proposes to allocate a total of NOK 175 million to this in 2019. It has been decided to carry out FEED studies for Fortum Oslo Heating and Norcem. In addition, Equinor, Shell and Total will carry out FEED for the transportation and warehousing project in 2019.

Increased focus on TCM

The Government proposes to increase the grant to the Technology Center for CO2 capture at Mongstad to NOK 208 million. The increase of NOK 13 million is due to increased activity at the plant, which is now being used by a number of international players.

"The activity at TCM is important in the process of developing and demonstrating CO₂ capture technologies. Experiences from testing at Mongstad can help cost-effective capture and storage of CO₂ worldwide. We also believe that testing at Mongstad will help reduce costs and risks in the Norwegian full-scale project, "emphasizes Trude Sundset.

CLIMIT is continued as planned

The research program CLIMIT, which Gassnova collaborates with the Norwegian Research Council, is continued as planned.

"CLIMIT is important for developing new technology and the research program has recently been assessed externally as an effective climate measure. We therefore greatly appreciate that this successful program is continuing as planned, "says Trude Sundset.

For more information, please contact:

Vegar Stokset

, Head of Press Relations, vs@gassnova.no or  
+ 47 952 76 256