Hafslund Oslo Celsio CCS director Jannicke Gerner Bjerkås signs the support agreement. Left to right: acting CEO Knut Inderhaug, Vice Mayor for Business Development and Public Ownership Victoria Marie Evensen (Labor Party), Chairman of the Board Liv Monica Stubholt and Minister of Petroleum and Energy Terje Aasland.
Hafslund Oslo Celsio CCS director Jannicke Gerner Bjerkås signs the support agreement. Left to right: acting CEO Knut Inderhaug, Vice Mayor for Business Development and Public Ownership Victoria Marie Evensen (Labor Party), Chairman of the Board Liv Monica Stubholt and Minister of Petroleum and Energy Terje Aasland.

Financing secured for CCS at Klemetsrud waste-to-energy plant

Hafslund Oslo Celsio and the Norwegian Ministry of Petroleum and Energy signed a support agreement this week that will ensure the realisation of carbon capture and storage at the Klemetsrud waste-to-energy plant in Oslo.

CCS at the Klemetsrud plant is a crucial part of Longship, Norway’s full-scale CCS project.

According to the terms of the agreement, the total cost of carbon capture at Celsio’s plant is set at NOK 9.1 billion. The Norwegian government commits in the agreement to provide NOK 3.08 billion in financing over 10 years. Oslo municipality will contribute NOK 2.1 billion, while Celsio itself will invest NOK 3.92 billion.

The Klemetsrud waste-to-energy plant is the single largest source of CO2 emissions in Oslo, accounting for 17% of total emissions. Once the project is completed in 2026, the plant will be the first waste-to-energy facility in the world to be equipped with CCS capability.

Hafslund Oslo Celsio is owned by Haflund Eco, Infranode and HitecVision.

Subscribe to our newsletter and follow us on LinkedIn to stay up to date on all ACCSESS news and developments.