Norway to spend $1.8 billion on world's first full-scale CCS chain

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Now baptised “Longship” , the project will see the government fund the transport and storage project Northern Lights, a joint project between European oil majors Equinor (OL:EQNR), Shell (L:RDSa) and Total (PA:TOTF).

It would also finance a carbon capture at a cement factory in southern Norway operated by Heidelberg Cement (DE:HEIG) and a waste incineration facility in Oslo operated by Fortum (HE:FORTUM) – if the latter can find external financial support.