Höegh LNG to collaborate on full value-chain for carbon capture and storage

The parties will collaborate on offering carbon capture as a service to industrial emitters.

Altera Infrastructure and Höegh LNG provide services in the CCUS value chain including gaseous and liquid CO2 gathering, purification, liquification, transportation and permanent underground storage of CO2. Their Stella Maris CCS project covers large-scale transport with shuttling of CO2 to an offshore site for injection and permanent storage in a relevant subsea reservoir.

Höegh LNG also operates worldwide as owner and operator of floating LNG import terminals and floating storage and regasification units (FSRUs) and is also one of the most experienced operators of LNG Carriers (LNGCs).

Altera Infrastructure is a global energy infrastructure services group primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Altera Infrastructure’s current fleet is comprised of FPSOs, shuttle tankers, towing vessels and a unit for maintenance and safety.

Ingvild Sæther, Group CEO of Altera said: “Large scale maritime CCS is seen as a cornerstone in Altera’s future business and a concept we have been working on for more than a decade, more recently with our partner, Höegh LNG. We believe delivery of CCUS will be required to achieve a meaningful contribution to net zero and we are delighted to be collaborating with Aker Carbon Capture as a leader in carbon capture technology.”