NYK to Join Trudvang CCS Project in Norway
NYK has signed a sale and purchase agreement with Vår Energi CCS AS (Vår Energi) to acquire a 30% interest in Trudvang CCS ANS, the operator of the Trudvang CCS* project in Norway (“the Project”), as well as a corresponding 30% interest in CO₂ storage exploration license EXL007. The transaction is expected to be completed ...
NYK has signed a deal to invest 30% in Trudvang CCS ANS, a Norway-based carbon capture and storage project. This acquisition also includes a 30% stake in the CO₂ storage exploration license EXL007. The transaction will be completed through a Norwegian subsidiary to be established by NYK. Completion is contingent on regulatory approvals and other customary conditions.
NYK is already involved in developing and commercializing liquefied CO₂ transportation through Knutsen NYK Carbon Carriers AS. The company is also exploring opportunities in marine transportation, offshore handling, and geological storage as part of the broader CCS value chain. By joining the Trudvang CCS project, NYK aims to expand its capabilities and expertise in the CCS sector, focusing on transport, storage, offshore handling, injection, and storage.
This move aligns with NYK's broader sustainability goals and its mission to bring value to life, as outlined in their medium-term management plan "Sail Green, Drive Transformations 2026 – A Passion for Planetary Wellbeing".
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.