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TotalEnergies Commences CO2 Storage at Northern Lights, Pioneering CCS Technology

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TotalEnergies Commences CO2 Storage at Northern Lights, Pioneering CCS Technology

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TotalEnergies SE ( (FR:TTE) ) just unveiled an announcement.

TotalEnergies, along with its partners Equinor and Shell, has successfully initiated the first CO2 storage at Northern Lights, marking a significant milestone in carbon capture and storage (CCS) technology. This project, the first of its kind in the world, is set to enhance the decarbonization of European industries by providing a reliable solution for hard-to-abate sectors to reduce CO2 emissions, with plans to expand its capacity significantly by 2028.

More about TotalEnergies SE

TotalEnergies is a global integrated energy company that produces and markets a diverse range of energies including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With operations in about 120 countries, the company is committed to providing reliable, affordable, and sustainable energy, placing sustainability at the core of its strategy and operations.

For an in-depth examination of TTE stock, go to TipRanks’ Overview page.

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