Atlas project receives EU funding for CO2 storage in Norway

The Atlas carbon storage project on the Norwegian Continental Shelf has been awarded 223 million euros from the European Union Innovation Fund. The initiative is a joint venture between Aker BP, which holds an 80 percent stake, and Orlen Upstream Norway, which holds 20 percent, with Höegh Evi managing logistics.

The project aims to transport and inject up to 6 million tonnes of CO2 annually into subsea geological formations approximately 2,000 meters below the seabed. Operations are targeted to begin in 2031. The concept utilizes specialized shuttle carriers to transport liquefied CO2 directly from ships to offshore injection wells, potentially bypassing the need for extensive onshore facilities or cross-border pipelines.

DNV has issued a Statement of Feasibility for this ship-based injection concept. While noting technical challenges, the assessment concluded that the uncertainties are manageable at the current development stage. The project is designed to support European industries that face high technological barriers to reducing emissions.