Baker Hughes and Borg CO2 to Collaborate to Develop Carbon Capture & Storage Hub for Industrial Cluster in Norway

Baker Hughes (NYSE: BKR), an energy technology company, and Borg CO₂ AS, a Norwegian carbon capture and storage developer for industrial clusters, have announced a memorandum of understanding (MOU) to collaborate on a carbon capture and storage project to serve as a hub for the decarbonization of industrial sites in the Viken region of Norway. The project aims to capture and store up to 90% of the CO₂ emissions from the involved industrial sites, playing an important role in contributing to the Paris Agreement goals, the United Nations Sustainable Development Goals and the Norwegian national emissions reduction targets.

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The Borg CO₂ project includes several industry partners, as well as the Port of Borg, and aims to capture and store emissions from industrial facilities located in the cities of Fredrikstad, Sarpborg and Halden. The combined industrial cluster is currently responsible for approximately 700,000 tonnes of CO₂ emissions annually. After being captured, the CO₂ will be liquified, shipped and eventually stored underneath the seabed of the North Sea. In April 2021, Borg CO₂ announced an MOU with Northern Lights JV, who will provide shipping and storage of CO₂ as a service provider for Borg CO_2.

Borg CO₂ and its partners have completed a first feasibility study and are proceeding with an extended feasibility study (pre-FEED) to be completed by the end of 2021 which Baker Hughes will support with its portfolio of carbon capture technologies and engineering services for the study and development of the hub. In addition, Baker Hughes and Borg CO₂ will jointly evaluate the optimal structure for implementation of the carbon capture plants and pursue grant and incentive opportunities both in Norway and at the EU level.

Borg CO₂’s “industrial cluster” approach provides a prime opportunity for Baker Hughes to test and scale its wide-ranging carbon capture, utilization and storage (CCUS) technologies portfolio on several types of processes including its Chilled Ammonia Process (CAP) and Compact Carbon Capture (CCC) solutions.

“Today, industrial clusters represent around 20% of Europe’s CO₂ emissions. Meaningful decarbonization is not possible without carbon capture, utilization and storage, and this collaboration demonstrates how CCUS technology is accelerating from concept toward commercialization with real-world impact,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes. “Our collaboration with Borg CO₂ will accelerate development of new energy frontiers like CCUS, and we believe it is critical to help them at an early stage by strategically supporting with our best in class technology.”