Continuing the operation of Technology Centre Mongstad
The Government propose a continuation of the financial support for the Technology Centre for CO2 capture at Mongstad (TCM) until end of 2023
The state and the industrial companies have now agreed to continue the operation of TCM from the expiration date of the current agreement until the end of 2023.
– Collaboration is key to ensuring the development and deployment of effective capture technologies in the future. We are very pleased that both the Norwegian government and our industrial owners have renewed their commitment to TCM operations. Now we will continue our efforts to making carbon capture as efficient as possible to combat climate change, says Gassnova’s chairman of TCM, Roy Vardheim.
Read the press release from the Norwegian Ministry of Petroleum and Energy here.