Aker BP and Höegh Evi’s Atlas carbon transport and storage project has been awarded €223 million from the EU Innovation Fund, Splash247 reports. The article says the funding remains subject to a final investment decision.

The proposed North Sea system would use collection hubs, dedicated CO₂ carriers and subsea injection equipment to connect industrial emitters with offshore storage. Splash247 gives an initial design capacity of six million tonnes of CO₂ a year, with a final investment decision targeted for 2028 and first injection planned for 2031.

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Source: Splash247 · original report