Norway’s billion-dollar CCS business

In the past decades, Norway has earned a lot of money from the extraction and sale of oil and gas – and invested it wisely in the world’s largest sovereign wealth fund. For some years now, Norway has been developing new business models. These include the production of low-CO2 hydrogen from natural gas. CO2 is captured immediately after gas extraction and disposed of via CCS. The exploited gas fields then serve as storage sites for the CO2 produced during hydrogen production. The additional import of CO2 from Europe only makes the business even more lucrative.

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