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Trading in the stock was halted at 12 noon on Monday. The reason is that they are waiting for an announcement at a press conference, according to the Oslo Stock Exchange.
On Monday, the government submitted a report to the Storting on the capture, transport and storage of CO₂ in Norway. Here it is stated that the government’s proposal is to first capture CO₂at Norcem’s cement factory in Brevik.
Aker Carbon Capture has a contract with Norcem for the cleaning of CO₂ from the cement factory, where the plan is to capture 400,000 tons of CO₂ from 2024.
The government will also support the capture of CO₂at the Fortum Oslo Varme waste management facility in Oslo, but says the project must first obtain sufficient funds.
In addition, the Northern Lights transportation and storage project will be supported. This is a collaboration between Equinor, Shell and Total.
Total investments are estimated at NOK 17.1 billion, including Norcem, Fortum Oslo Varme and Northern Lights.
Including cost estimates of NOK 8 billion over ten years, the total costs are estimated at NOK 25.1 billion.