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13.05.2022

Revised state budget; proposal to guarantee carbon capture at Klemetsrud

As part of its revised state budget, the government is proposing to guarantee funding for the carbon capture facility at Klemetsrud in Oslo.

– This is a big day for carbon capture in the waste management industry. The project at Klemetsrud will serve as a vital technological contribution in efforts to meet climate goals. I am proud that we have been able to do with under the auspices of the Longship project, says Terje Aasland, Minster of Energy, quoted in a press release.

Will make significant contribution to reducing emissions

Around 5 per cent of global greenhouse gas emissions originate from the waste management industry. The project at Klemetsrud is the first of its kind and will deliver an annual reduction in carbon emissions of approximately 400,000 tonnes when it comes on stream in 2026. This will consequently remove emissions from the largest source of emissions in Oslo, while helping to significantly reduce emissions in non-ETS sectors. At the same time, the Longship project will also contribute to the development of climate technology with international applications.

‘In order to achieve our climate goals, we are dependent on developing projects characterised by what is known as negative emissions, ergo: they must remove carbon as a natural part of their cycle. Half of emissions at Klemetsrud come from biogenic sources, and the project will thus help to ensure up to 200,000 tonnes of negative emissions each year,’ Aasland goes on to say in the press release.

Operating period of 10 years

The Klemetsrud project is part of the wider Longship project, one of the Norwegian state’s focus areas for reducing greenhouse gas emissions. The total costs to the government are estimated at NOK 3.4 billion. This includes the costs of investment and operation for ten years, as well as grants for the purchase of transportation and storage capacity. Furthermore, the state will provide an additional subsidy for non-ETS carbon captured corresponding to the quota price less the carbon tax. Scheduled to come on stream in 2026, this sum will provide for an operating period of 10 years.

Source: Funding for carbon capture at Klemetsrud secured – regjeringen.no

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