Far beyond just a futuristic idea from the realm of sci-fi, carbon capture and storage (CCS) technology is currently paving the way to achieve our net zero emission goals. Northern Lights is a unique open access CCS network that will enable industries to reduce their carbon emissions by picking up, transporting and injecting their carbon 3,000 meters below sea level off the Norwegian West coast for permanent storage. Ahead of The Global Energy Transition Month (October), Laura from GOS spoke with Emil Yde Aasen, a business developer at Northern Lights, about the highlights and challenges of working on the project.
Laura: Why is the Northern Lights project important?
Emil: If we are going to reach zero net emissions in 2050 there’s going to be a bunch of tools and ways to get there and renewables is likely to be the biggest part and contributor to that. We really need to roll out renewables at big scales, and energy efficiency is likewise hugely important, but then there’s going to be this smaller percentage where you have these heavy, hard to abate industries where it’s costly or technologically very hard to actually remove those emissions by using renewables or other similar technologies. Therefore, you have to use a technology that actually physically takes away those emissions and prevents them from going into the atmosphere. And that’s where CCS comes in as a solution. Without CCS you cannot meet net zero emissions in 2050.
“A Copernican shift for the world of CCS”
What is the most surprising aspect of the work you do?
Northern Lights is a project, but what we see is that by maturing the project, we are also maturing the market. By actually providing something that hasn’t been there before – a service for transport and storage of CO2 – we are enabling a wide market of carbon capture projects to be developed. Because there would be no reason to capture your CO2 if you can’t permanently store it. We spoke to a leading scientist at the ETH Zurich who has worked with CCS and capture for 20 years and when he saw Northern Lights for the first time – where we decouple the carbon source and the sink – he called it a Copernican shift for the world of CCS.
What are the challenges?
The challenges are the market mechanisms. You have this cost gap with the European ETS (Emissions Trading System), basically a European wide CO2 tax, which these days you have to pay typically 25 euros per ton of CO2 you emit. And now, CCS as a capture, transport and storage concept, is still more expensive than 25 euros, so the challenge is getting projects off the ground as the ETS price rises – and it’s projected to go much higher in the future. And then as we build more CCS projects, we will have a learning curve; technology improves and costs go down as it does with all other technology and projects, and at some point, it starts to make sense economically as well. If you go back 10 years with solar and offshore wind, perhaps wind specifically, the costs were way too high. But these days, it’s really hard competition and it’s said to be the future, so the market is driving itself. It’s the place we want to be with CCS moving forward with the marking driving itself.
What have you learned from the role?
What I’ve learned is what you would call corporate innovation, so the entrepreneurial way of thinking when trying to build a new industry with three big corporations (Shell, Equinor, and Total) that are used to oil and gas. There’s a lot of talk in Shell around entrepreneurial approaches. Ben, our CEO, has said when he talks about reshape and what Shell is doing now that we need to think more entrepreneurial, more lean. What does that actually mean? I think of course that depends on local context, but with CCS we have had to kind of believe that this will be an industry going forward. We have to take a risk, and with risks I mean commercial risks, believing that the market will develop in the future. We’ve done that with oil and gas as well when we’ve done explorations for wells and gas. With CCS the market is still being developed, the framework itself is still being developed; that means that we as company developing this project are setting the course. That’s what I mean by developing the project – we are also developing the market.
What do you enjoy the most from the work?
You get to build a market and a project and a technology that the world actually needs to be able to reach net zero. And it’s a good example of where we, as a former oil and gas company trying to become a broad energy company in the future, are actually using our subsurface knowledge as a foundation to build something new. So we are using that knowledge to actually provide a service that will hopefully enable us to reach net zero emissions by 2050. For me at least, it feels a bit like walking the talk with Shell. If you believe that reaching the Paris goal is the most important thing that we can do as an industry these days, well it’s a really good place to be, and a good place to work.
- For more information on the Northern Lights project, please check out the official website at: https://northernlightsccs.eu/
- October is Global Energy Transition Month! Click here to find out more.
Emil Yde Aasen is a Business Developer and an engineer with the Northern Lights Project in Shell Norway. He currently lives in Oslo and is a member of Shell’s Future Energy Lions (FEL) network, contributing to the transformation of Shell into a future energy company.