Orlen and Equinor agree to develop carbon capture projects
Polish refiner Orlen and Norway's Equinor have signed a memorandum of understanding (MoU) on the development of carbon capture and storage (CCS) projects.
The documents were signed by Irene Rummelhoff - Executive Vice President at Equinor, and Wieslaw Prugar, Orlen management board member in charge of upstream.
Under the memorandum, Orlen and Equinor will jointly identify potential carbon dioxide (CO2) storage sites in Poland, considering both onshore areas and the Polish sector of the Baltic Sea, Orlen said in a statement.
"We hope we can jointly develop a CCS value chain," Rummelhoff told a news briefing in Warsaw, adding, "We believe there are geological formations suitable for carbon dioxide storage, and we eagerly await Polish regulations on CCS storage."
"We have a lot of potential in carbon dioxide storage. We could jointly work on the Norwegian Continental Shelf but also in Poland." said Prugar.
In its new strategy, Orlen has said that it aims to reach the capacity to capture, transport, and store 4 MMtpy of CO2 by 2035.
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