Carbon emissions produced in London could end up under the seas off the Norwegian coast, following the signing of a Memorandum of Understanding (MoU) between waste management firm Cory and carbon capture and storage (CCS) developer Northern Lights.
The two firms have agreed to jointly explore the feasibility of proposals to ship carbon emissions captured from Cory’s energy-from-waste (EfW) operations on the River Thames to Northern Lights’ subsea carbon storage facilities in Norway.
The project has significant political backing with both Jonas Gahr Støre, Prime Minister of Norway, and UK Business Secretary Kwasi Kwarteng attending an event this morning at the Norwegian Embassy in London to mark the signing of the MOU.
The firms hope the partnership could create a blueprint for future international carbon transportation and storage projects, which could in turn drive the development of a European market for trading and storing captured carbon.
The partnership is also