A bilateral agreement is needed
Yara and Northern Lights in major cross-border carbon deal
Shipment of CO₂ from Dutch ammonia plant to Norwegian storage site will require bilateral agreement at government level
Fertiliser producer Yara and carbon storage developer Northern Lights have signed a deal to ship c.12mt of CO₂ from a Dutch ammonia plant to a permanent subsea storage site on the Norwegian continental shelf over a 15-year period. The deal marks a breakthrough in the development of the international CO₂ storage market, but it also highlights a mismatch between current regulations and the needs of that market. In order to start shipments, a bilateral agreement between the governments of Norway and the Netherlands will need to be in place to circumvent wider regulations that still prohibit cross-border movement of CO₂ for storage. “We are in active dialogue with the respective governments and
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