Expansion of carbon storage capacity in Norway by TotalEnergies and partners, aiming for net-zero emissions

From Zacks Investment Research: 2025-03-28 14:10:00

TotalEnergies SE, Equinor ASA, and Shell plc have announced the Final Investment Decision for the second phase of the Northern Lights development, increasing CO2 storage capacity to over 5 million tons annually by 2028. TTE aims to be net-zero carbon emissions by 2050, investing $700 million in the project. The global carbon capture and storage market is expanding, with Shell and Equinor also involved in CCS projects. Eni SpA and Snam are collaborating on Italy’s first CCS project. TotalEnergies’ stock has risen 19.6% in the past three months.



Read more at Zacks Investment Research: TotalEnergies & Partners to Increase Carbon Storage Capacity in Norway – March 28, 2025