The investment cost for the project is expected to be in the range of 12.9 to 17.1 billion NOK depending on whether it will be invested in one or two capture facilities. Operation costs for ten years of operation is expected to be in the range of 5.7 to 8 billion NOK. Thus, total cost is expected to be in the range of 18.6 and 25 billion NOK.
The cost estimates for the Full-scale CCS project in Norway are based on FEED studies from Fortum Oslo Varme, Norcem and Northern Lights. Their FEED studies and cost estimates are quality assured according to a mandatory quality assurance scheme in Norway for public supported investment projects. The cost estimates are shown in Atkins and Oslo Economics quality assurance report, published June 25, 2020.