Puro.earth listed

Borg CO2

3 660 000
CORC Price
190 €
Production Timeline
Q1 2028-Q1 2043

About the project

This project is being developed by Borg CO2 AS, a Norwegian  company whose shareholders include  Borg Havn IKS (marine and logistic operator owned by the municipality of Friedrikstad), Baker Hughes (leading energy technology player with worldwide presence) and other  Norwegian companies. 

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.

Key Project Data

  • Type of project info
    New facility or site
  • Carbon removal methodology info
    Bioenergy with carbon capture and storage (BECCS)
  • Durability of carbon removal in years (number) info
  • Co-benefits info
    development on a commercial scale of capture technology, economic benefits for the CCUS supply chain, job creation and skills development.
  • Sustainable Development Goals (SDGs) info
  • Production facility country info
  • Site visits are possible info
  • Certifications or assessments info
    Geologically stored Carbon
  • Project start date info
  • Expected certification and issuance date info
  • Annual carbon removal capacity in tCO2e (number) info
  • Additionality info
    the project is subject to obtainment of EU or Norwegian public funding and execution of offtake agreements with the emitters and agreement with T&S provider

About the supplier

Borg CO2 AS

Borg CO2 AS, Org no. 922 246 114. The Company's purpose is to "organize, develop, assess, plan, map for testing of technology as well as implementation of commercial solutions for carbon capture, transport and storage/ utilization of CO2 from industrial facilities.
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