Aker BP and Höegh Evi secure EU funding for North Sea CO2 storage project

Norwegian offshore producer Aker BP and maritime infrastructure specialist Höegh Evi have secured €223m ($260m) from the European Union Innovation Fund for their Atlas carbon transport and storage project in the North Sea.

The project aims to establish a large-scale carbon capture and storage (CCS) network that links industrial emitters across Europe to permanent storage.