Höegh Evi and Aker BP awarded €223m from EU for CO2 transport and storage project

Norway-based oil expert Aker BP and Bermuda-headquartered marine energy infrastructure company Höegh Evi have been awarded €223m from the European Union Innovation Fund for the Atlas Project, a large-scale CCS network connecting European industry with permanent CO2 storage on the Norwegian Continental Shelf.

The Atlas Project combines regional CO₂ aggregation, large-scale low-pressure maritime transport and offshore storage. CO₂ will be aggregated at regional export hubs close to industrial clusters and transported by dedicated carriers to the Atlas storage site in the Norwegian North Sea.

At the storage site, located in the Aker BP-operated EXL011 (80% Aker BP, 20% ORLEN Upstream Norway), CO2 will be injected through subsea infrastructure into a saline aquifer for safe and permanent storage more than 2,000 meters below the seabed.

Atlas Project has a design capacity of 6 million tons of CO₂ per year, with potential to expand beyond 10 million tons as the European CCS market develops. Regional aggregation and large-scale maritime transport provide economies of scale and flexibility to connect additional industrial regions as the market develops and the network expands.

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