Northern Lights has conducted a study to assess the estimated carbon footprint of its CO2 transport and storage value chain throughout all phases of its lifecycle, from construction to decommissioning.
The study finds that Northern Lights will have a net abatement of 97.4% of the stored CO2. This assessment is based on the first developments of Northern Lights with a minimum injection of 5 million tonnes CO2 per annum through 25 years.
Key findings:
- Northern Lights will store 127.8 million tonnes CO2 over the lifetime of its first development phases.
- The estimated lifecycle emissions are 3.3 million tonnes throughout the value chain.
- Northern Lights will have a net greenhouse gas reduction of 124.5 million tonnes CO2.
- This gives an estimated net abatement of 97.4% of the total amount of CO2 injected.
The lifecycle emissions of 2.6% from the Northern Lights value chain are largely related to the operations of CO2 transport, more specifically the ship fuel consumption.
Northern Lights has already implemented solutions such as LNG fuel, wind-assisted rotor sails, and air lubrication which reduces the carbon footprint compared to conventional ships, and continuously works to assess further climate mitigating solutions.
The study demonstrates that the Northern Lights CCS value chain is a viable concept and an efficient climate solution that contributes to net reduction of greenhouse gas emissions from hard-to-abate industries.
