Wiersholm has assisted Northern Lights JV on a new milestone CCS project
Wiersholm has assisted Northern Lights JV in the conclusion of an agreement with Yara Sluiskil B.V. (a subsidiary of Yara International ASA) for the transport and storage of CO2.
Northern Lights JV is a joint venture between Equinor, Shell, and TotalEnergies and delivers CO2 transport and storage as a service. The goal is to enable the decarbonisation of industrial emissions and to facilitate the removal of CO2 from the air.
The ambition of the binding agreement between Northern Lights and Yara International is to capture and store 800,000 tonnes CO2 from the ammonia production in Sluiskil from 2025.
In 2022, Wiersholm won the award in the category “Innovation in overcoming barriers to finance” at the Financial Times Innovative Lawyers Awards for our assistance to the Norwegian government (Norwegian Ministry of Petroleum and Energy) and Northern Lights JV in connection with the establishment of Norway’s first full-scale carbon capture and storage project (CCS), Longship.
Earlier this year, Wiersholm also assisted Northern Lights in establishing a CO2 Transport and Services Agreement (TSA) with Ørsted to store 430,000 tonnes of biogenic CO2 emissions per year from two power plants in Denmark.
Wiersholm’s CCS team consists of Sondre Dyrland, Karl Even Rygh, Kjetil Stensvik, Sindre Bogen, Bjørn Tarek Restan and Arne Sigurd Øverland.
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