It consists of the implementation of multiple interconnected CO2 capture and liquefaction plants with a target capacity of ~630,000 tons of CO2 per annum (50% of which is biogenic) across the Ora industrial area. The liquefied CO2 will be stored at a newly built terminal open to third parties, and then transported and permanently stored by using third party services. The first step, currently under development, envisages the the construction of CO2 plant with a capacity of ~120,000 tons of CO2 per annum at 2 Waste-to-Energy plants located at Ora (Viken region), out of which 60,000 tons will be biogenic CO2.
Borg has so far received funding from CLIMIT. Also, the company signed an MOU with Northern Lights and can count on funding and in-kind hours support from Baker Hughes. The plan is for the CO2 to be transported and permanently stored in an offshore location using a third party service provider.
The price requested of 190 EUR/t is requested for CORC quantity of at least 30.000 EUR/t and for an off-take agreement of at least 8-10 years tenor. For smaller quantities and shorter tenor, the expected price will be higher than 190 EUR/t.