Norway – Horisont Energi and Koole Terminals have signed a letter of intent to develop Norway’s largest CO2 import terminal in Gismarvik, Norway. The terminal will have an annual capacity of 20 to 24 million tons of CO2 and will serve as a hub for CO2 storage, connecting various CO2 emitters from Europe to underground storage reservoirs.
The primary goal of the project is to facilitate the capture and storage of CO2 emissions from industrial sources across Europe. The Gismarvik terminal will provide a central location for CO2 to be temporarily stored before being transported to permanent storage sites.
The Gismarvik terminal will utilize advanced technologies to safely and efficiently handle large volumes of CO2. The terminal will feature unloading facilities, temporary storage tanks, processing units, and compression systems to prepare the CO2 for transportation via pipelines to underground storage reservoirs.
Reducing CO2 emissions
The development of Norway’s largest CO2 import terminal has the potential to significantly reduce CO2 emissions from European industries. By providing a centralized hub for CO2 storage, the project can contribute to the decarbonization efforts of various sectors, including power generation, cement production, and steelmaking.
