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Letter on Carbon: Major commitment
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
Northern Lights nears start up as facilities in place
Norway claims world lead in commercial CO₂ transport and storage as project developed by TotalEnergies, Shell and Equinor stands ready to start injections in 2025
SLB–Aker venture targets global market with disruptive tech
Oslo-based joint venture officially launches as SLB closes deal to buy 80% of Norway’s Aker Carbon Capture
Equinor agrees project to tap Dunkirk emissions
State-backed energy firm agrees with French TSO GRTgaz to develop links into Norwegian CO₂ storage
Aker BP joins Nordic CCS push
Independent oil and gas firm targets European emitters after securing Norwegian storage exploration licence
Neptune and Capeomega plan North Sea CCS network
RWE signals backing for Noordkaap project with intent to ship carbon dioxide from power plant in Netherlands
US CCS ‘ready to accelerate’ – Aker Carbon Capture
Norway-based company hires first US representative as Inflation Reduction Act fires up North American market
Equinor exits Barents Blue and Polaris
Norwegian state-owned company walks away from ammonia and associated CCS projects after cooperation agreement expires
Roehm eyes carbon capture for German chemical plants
Chemicals company contracts Norway’s Aker Carbon Capture for feasibility study of project to deploy two capture facilities
Norway claims first smelter CCS pilot
Technology supplied by Aker Carbon Capture connected to ferroalloys production plant operated by Elkem in Rana, Norway
Transport hub at Narvik
Aker Norway Financing Project finance
Stuart Penson
27 October 2021
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Aker advances plan to launch €1bn energy transition fund

Norwegian company also unveils plan to form green industrial hub at site north of Arctic Circle

Aker Horizons is developing plans to establish a €1bn ($1.2bn) energy transition fund with a focus on infrastructure assets related to carbon capture, hydrogen and electrification. The Norway-based company is in “advanced talks” with a leading global financial services provider as a potential anchor investor. The fund would be managed by Aker. “Asset management for planet-positive investing has been identified as a potential new business segment,” the company says in its third-quarter earnings report. “With Aker Horizons’ access to projects, industrial capabilities and technology, the company is positioned to generate attractive investment opportunities for institutional investors.” Potentia

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