Costs

The current cost estimates for the Full-scale CCS project in Norway are based on Norcem's and Fortum Oslo Varme's concept studies for capture of CO2 and Northern Lights' (Equinor, Shell and Total) feasibility study for transport of CO2 with ships, and onshore and offshore facilities for permanent storage of CO2.


The estimated cost (investment cost plus 5 year operations cost) for two capture plants, both Norcem and Fortum Oslo Varme, and Northern Lights’ facilities is approximately 17 billion NOK, whereas the cost for a chain with one capture plant is estimated to be in the range of 11 billion NOK (ref. “Kvalitetssikring (KS2) av demonstrasjon av fullskala fangst, transport og lagring av CO2, Tilleggsvurdering fase 2»).