Close Menu
Trader News
  • Markets
    • Stocks
    • Futures
    • Forex
    • Commodities
    • OTC
    • QB
    • QX
    • PINK
    • Crypto
    • Options
    • Bonds
  • Crypto
    • Market
    • BTC
    • NFTs
    • DeFi
  • Technology
    • Web3
    • FinTech
    • EdTech
    • AI
  • Startups
  • Real Estate
  • Personal Finance
    • Retirement
    • Investing
  • More
    • Market Data
    • Glossary
    • Crypto Heatmap
    • Newsletter
    • Submit News
    • Exchanges, Brokerage and Savings Platforms
X (Twitter)
X (Twitter) TikTok YouTube RSS
Trader News
  • Markets
    1. Stocks
    2. Futures
    3. Forex
    4. Commodities
    5. OTC
    6. QB
    7. QX
    8. PINK
    9. Crypto
    10. Options
    11. Bonds
    Featured

    These Analysts Increase Their Forecasts On Dollar Tree After Upbeat Earnings – Dollar Tree (NASDAQ:DLTR)

    By News RoomJun 5, 2025 10:15 pm EDT0
    Recent

    These Analysts Increase Their Forecasts On Dollar Tree After Upbeat Earnings – Dollar Tree (NASDAQ:DLTR)

    Jun 5, 2025 10:15 pm EDT

    $100 Invested In Sterling Infrastructure 5 Years Ago Would Be Worth This Much Today – Sterling Infrastructure (NASDAQ:STRL)

    Jun 5, 2025 10:14 pm EDT

    MPLX LP to Report Second-Quarter Results on August 5, 2025 – MPLX (NYSE:MPLX)

    Jun 5, 2025 10:12 pm EDT
  • Crypto
    1. Market
    2. BTC
    3. NFTs
    4. DeFi
    Featured

    DOJ files to confiscate alleged North Korea IT worker crypto

    By News RoomJun 5, 2025 9:28 pm EDT0
    Recent

    DOJ files to confiscate alleged North Korea IT worker crypto

    Jun 5, 2025 9:28 pm EDT

    Institutional BTC ETF Holdings See Quarterly Decline In Q1

    Jun 5, 2025 6:06 pm EDT

    Solo Bitcoin Miner Wins $330K Block as Difficulty Hits Record 126.98T

    Jun 5, 2025 3:56 pm EDT
  • Technology
    1. Web3
    2. FinTech
    3. EdTech
    4. AI
    Featured

    VPN Usage Spikes in France as Pornhub Blocks Users Over Age Restrictions

    By News RoomJun 5, 2025 8:11 pm EDT0
    Recent

    VPN Usage Spikes in France as Pornhub Blocks Users Over Age Restrictions

    Jun 5, 2025 8:11 pm EDT

    Musk’s feud with Trump and exit from DOGE are really bad for Dogecoin

    Jun 5, 2025 6:45 pm EDT

    Nvidia’s $10 Multiplier Could Lift Adobe, Salesforce, ServiceNow – NVIDIA (NASDAQ:NVDA), ServiceNow (NYSE:NOW), Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM)

    Jun 5, 2025 10:02 am EDT
  • Startups
  • Real Estate
  • Personal Finance
    1. Retirement
    2. Investing
    Featured

    This industrial giant could be about to break out, charts show

    By News RoomJun 5, 2025 10:00 pm EDT0
    Recent

    This industrial giant could be about to break out, charts show

    Jun 5, 2025 10:00 pm EDT

    Buy these small-cap stocks with attractive dividends, Bank of America says

    Jun 5, 2025 8:54 pm EDT

    Wedbush, Dan Ives launch new ETF to capture the AI boom

    Jun 5, 2025 6:40 pm EDT
  • More
    • Market Data
    • Glossary
    • Crypto Heatmap
    • Newsletter
    • Submit News
    • Exchanges, Brokerage and Savings Platforms
Login
Trader News
You are at:Home » Norne and Port of Aalborg Sign 30-Year Exclusive Agreement, Accept EU CEF Grant and Launch Construction of CO2 Hub
Commodities

Norne and Port of Aalborg Sign 30-Year Exclusive Agreement, Accept EU CEF Grant and Launch Construction of CO2 Hub

News RoomNews RoomJun 4, 2025 3:29 am EDT0 ViewsNo Comments4 Mins Read
Facebook Twitter Telegram WhatsApp Pinterest LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest Email

Backed by an EU Connecting Europe Center Grant, the task will provide world-scale CO two reception facilities and unlock economies of scale for Denmark and the European Union.

AALBORG, Denmark, June 4, 2025/ PRNewswire/– Considering that developing a special collaboration in 2021, the Norne Carbon Storage Center (” Norne”), a Fidelis New Energy, LLC portfolio business, and the Port of Aalborg have actually carried out conclusive contracts for the Norne CO2 reception center with the preliminary website developed to manage 15 million tonnes of CO2 annually. As co-applicants, Norne and the Port of Aalborg, were granted a Connecting Europe Center (” CEF”) Energy grant by the European Union. CEF is an EU program concentrated on speeding up the advancement of tactical cross-border energy facilities. The grant will co-fund the advancement and building and construction of a brand-new quay to support the Norne CO2 reception centers serving several Danish onshore and near-shore CO2 storage centers along with the advantageous usage of CO2 in commercial applications and decarbonised fuels.

Norne has actually finished the front-end engineering and style (” FEED”) research studies for both the CO2 reception center and a linking pipeline to neighboring CO2 storage. In addition, substantial ecological and eco-friendly evaluations have actually been finished. Norne’s classification as a Task of Typical Interest (” PCI”), by the EU in 2023, even more enhances the allowing procedure, allowing a quicker Ecological Effect Evaluation for the pipeline than otherwise would be possible without the currently finished work and the PCI status. Structure on the special lease arrangement and the CEF grant award, Norne and the Port of Aalborg will begin building and construction of a brand-new 500-metre quay in the Port of Aalborg, representing a location of 60,000 square metres of quay area. The brand-new quay area will host the CO2 reception and linking facilities, advancing Denmark’s carbon capture and storage environment.

Norne will supply European emitters access to an exceptional deepwater port and economical and safe onshore and nearshore CO2 storage. Norne’s PCI status guarantees prioritised allowing, as the task is acknowledged as an immediate task of the greatest nationwide significance and it is thought about a task of bypassing public interest by the EU when performing the appropriate ecological evaluations. The PCI status likewise unlocks for extra CEF Energy grants, which Norne is actively pursuing to support more advancement throughout the CO2 worth chain.

Kristian Thulesen Dahl, CEO of the Port of Aalborg, specified: “We are extremely delighted to continue the work we have actually made with Fidelis and Norne because 2021 to make the Port of Aalborg an essential CO2 center allowing cost-effective and safe storage of CO2 onshore and near coast. In addition, we are delighted to be able to supply decarbonisation services to bring in brand-new markets to the Port of Aalborg. We for that reason see the partnership with Norne as a crucial organization advancement differentiator as we continue to broaden the Port’s function in assisting to decarbonise Denmark and the EU.”

Lars Bo Christiansen, President of Norne, concluded: “Considering that 2021, we have actually worked carefully with the Port of Aalborg, the European Union, the Danish Federal government, and other essential stakeholders. We eagerly anticipate structure on this long-lasting collaboration– not just to broaden beyond the present capability of 15 million tonnes annually at Norne’s website, however likewise to bring in brand-new commercial tasks to the Port that need decarbonization services.”

About Fidelis:

Fidelis is an energy facilities business driving decarbonisation through facilities advancement and financial investments in biofuels, low- or negative-carbon strength items, and carbon capture and storage. Fidelis utilizes a growing portfolio of exclusive, trademarked, and patent-pending innovations to resolve environment and energy security obstacles. Headquartered in Houston, Texas, Fidelis likewise preserves a workplace in Copenhagen, Denmark Find out more at www.fidelisinfra.com.

About Norne:

The Norne Carbon Storage Center includes CO2 reception centers, pipelines, and storage centers developed for safe and long-term storage of CO2. Norne will get and keep CO2 from Danish and European consumers. To learn more, see www.norneccs.com.

About the Port of Aalborg:

The Port of Aalborg is an essential logistics center in Denmark, providing detailed port services and centers. With a tactical concentrate on sustainability and development, the Port of Aalborg supports carbon decrease and green energy services while boosting its function in the international worth chain. To learn more, see www.portofaalborg.com.

Disclaimer:

Co-Funded by the European Union. Views and viewpoints revealed are nevertheless those of the author( s) just and do not always show those of the European Union or European Environment, Facilities and Environment Executive Company (” CINEA”). Neither the European Union nor the approving authority can be delegated them.

Media Contact:
Fidelis & & Norne Carbon Storage Center Email: info-norne@fidelisinfra.com
Port of Aalborg Email: mts@portofaalborg.com

SOURCE Fidelis New Energy, LLC

Source

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

MPLX LP to Report Second-Quarter Results on August 5, 2025 – MPLX (NYSE:MPLX)

Commodities Jun 5, 2025 10:12 pm EDT

Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 5, 2025 – Marathon Petroleum (NYSE:MPC)

Commodities Jun 5, 2025 9:06 pm EDT

Media invitation – Presentation of Hydro-Québec’s financial results for the first quarter of 2025

Commodities Jun 5, 2025 8:00 pm EDT

Great Basin Expansion Project Shows Strong Interest for Natural Gas Expansion in Northern Nevada – Southwest Gas Hldgs (NYSE:SWX)

Commodities Jun 5, 2025 6:52 pm EDT

Nauticus Robotics and Open Ocean Robotics Forge Strategic Collaboration to Transform Subsea Asset Management – Nauticus Robotics (NASDAQ:KITT)

Commodities Jun 5, 2025 5:46 pm EDT

US oil companies lobby Republicans to keep Joe Biden’s hydrogen tax credits

Commodities Jun 5, 2025 4:57 pm EDT
Add A Comment
Leave A Reply Cancel Reply

You must be logged in to post a comment.

Latest News

$100 Invested In Sterling Infrastructure 5 Years Ago Would Be Worth This Much Today – Sterling Infrastructure (NASDAQ:STRL)

Jun 5, 2025 10:14 pm EDT

MPLX LP to Report Second-Quarter Results on August 5, 2025 – MPLX (NYSE:MPLX)

Jun 5, 2025 10:12 pm EDT

This industrial giant could be about to break out, charts show

Jun 5, 2025 10:00 pm EDT

DOJ files to confiscate alleged North Korea IT worker crypto

Jun 5, 2025 9:28 pm EDT

Bunker Hill Announces Closing of $31 Million Combined Equity Financings and Debt Settlements Along with its Major Capital Restructuring – Bunker Hill Mining (OTC:BHLL)

Jun 5, 2025 9:10 pm EDT

Subscribe to Updates

Get the latest markets news and updates directly to your inbox.

[newsletter_form]

Top News

$1000 Invested In Tutor Perini 5 Years Ago Would Be Worth This Much Today – Tutor Perini (NYSE:TPC)

By News RoomJun 5, 2025 9:08 pm EDT0

Tutor Perini TPC has actually exceeded the marketplace over the previous 5 years by 11.66%…

Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 5, 2025 – Marathon Petroleum (NYSE:MPC)

Jun 5, 2025 9:06 pm EDT

Buy these small-cap stocks with attractive dividends, Bank of America says

Jun 5, 2025 8:54 pm EDT

VPN Usage Spikes in France as Pornhub Blocks Users Over Age Restrictions

Jun 5, 2025 8:11 pm EDT
About
About

Trader News is the only source for the latest news and updates about the market, finance, crypto and real estate. Follow us to get the only news that matters.
We're social, connect with us:

X (Twitter) YouTube TikTok
Popular News

UK fintech Wise to switch main listing to New York

Jun 5, 2025 4:40 am EDT

US Food and Drug Administration Launches AI Platform to ‘Modernize’ Agency

Jun 3, 2025 7:15 am EDT

FioBit Cloud Mining 2025: Trusted AI-Powered Mining Solutions for Earning Bitcoin, Dogecoin & More Safely and Easily

May 27, 2025 11:52 pm EDT

Subscribe to Updates

Get the latest markets news and updates directly to your inbox.

[newsletter_form]
Copyright © 2025. TraderNews. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?