Northern Lights A European CO2 transport and storage network Emil Yde Aasen, Northern Lights eyaa@equinor.com, +4790183329 Cities and industry cooperation for net zero emissions  Brussels 20 June 2019

- 23 years of succesful industrial experience - CCS in Norway - 23 years of succesful industrial experience - Sleipner CCS in operation 1996 Snøhvit CCS in operation 2008 CO2 test center (TCM) in operation 2012 23 years of experience Ca 23 Mill tonnes of CO2 stored

Norwegian full scale CCS demonstration project - Enabling industrial decarbonisation - Northern Lights Potential 3rd party

The value chain – from capture to storage

Road ahead Q4 2023 November/December 2019 September 2019 Q2 2020 Norwegian State FID In operation FEED Studies completed Drilling of injection well Aurora Northern Lights FID

Enables ”open source” offer for CO2 emitters to establish capture Sectors with largest potential: Hydrogen from natural gas Waste incineration Cement Biomass and biofuel Steel Refinery

Beginning of a European network for CO2 removal EU PCI application submitted 1.3.19 PCIs (Projects of Common Interest) are infrastructure project that link energy systems of EU countries. PCI status is a milestone for a project to be eligible for EU CEF funding. Northern Lights PCI application has 15 partners from 7 countries

Capture candidates need many things for realizing their projects Strategic fit with company interests Political and public support Stepwise project maturation: feasibility – concept - FEED – execution - operation Trust in solutions and partners Policy frameworks coming in place Dedicated public funding of increasing size: e.g. 1 – 3 – 10 – 100 million € See proof of future markets

CCS to help cities meet their ambitions Waste-to-Energy plants Berlin Copenhagen – Carbon Neutral by 2025 Berlin – Climate Neutral by 2050 London – 80 % reduction in emission by 2050 Oslo – 95 % reduction in emissions by 2030