Northern Lights Signs Oresundskraft for 200,000-Ton CCS Deal

Zacks Investment Research··NOSE·Read original
3▲3 ▼0Impact / 5
Summary · why it matters

Northern Lights, the carbon capture and storage joint venture owned by Shell, Equinor and TotalEnergies, has signed a new customer agreement with Oresundskraft Kraft & Varme, owned by the City of Helsingborg. Under the deal, CO2 will be captured and liquefied at Oresundskraft's Filbornaverket waste-to-energy plant in Helsingborg, Sweden, trucked to the Port of Halland in Halmstad, then shipped to Northern Lights' receiving terminal in Oygarden, Norway, for permanent storage in a reservoir roughly 2,600 meters beneath the seabed. Northern Lights will provide transportation and storage for up to 200,000 metric tons of CO2 per year, with operations targeted to begin in the fourth quarter of 2029 subject to agreed conditions. Oresundskraft becomes Northern Lights' second Swedish customer after Stockholm Exergi, and the seventh industrial customer overall across four countries. Northern Lights, described as the first of its kind to enable cross-border CO2 transportation and storage, completed its first CO2 injection in 2025, marking the start of commercial storage activity.

Impact on assets 4

Energy▲ · 2 stocks
Equinor ASA ADR
EQNR
▲ PositiveDemandrelevance

Northern Lights, Equinor's CCS JV, signs Oresundskraft as a new customer for up to 200,000 tons of CO2 storage per year.

TotalEnergies SE
TTE
▲ PositiveDemandrelevance

TotalEnergies' Northern Lights JV adds Oresundskraft as its seventh industrial customer, growing contracted CO2 storage volumes.

Energy Transition & Power Demand▲ · 1 stocks
Shell plc
SHEL
▲ PositiveDemandrelevance

Shell's Northern Lights JV signs a new 200,000-ton-per-year CO2 transport and storage customer, expanding its commercial CCS business.

Artificial Intelligence▲ · 1 stocks

Off-coverage companies 3

Northern LightsPrivate▲ Positive
Demandrelevance

Northern Lights itself signs the new customer agreement with Oresundskraft for up to 200,000 tons of CO2 per year.

Oresundskraft Kraft & VarmePrivate▲ Positive
Regulationrelevance

Oresundskraft secures CO2 capture, transport and permanent storage for its Filbornaverket waste-to-energy plant, advancing its emissions-handling arrangement.

Stockholm ExergiPrivate± Mixed
relevance

© 2026 MarketIVNews