
Aker BP and Höegh Evi have been awarded €223 million (about US$250 million) from the European Union Innovation Fund to support development of the Atlas carbon capture and storage (CCS) project in Norway.
The Atlas project is designed as a large-scale CCS network linking industrial CO2 emitters in Europe with permanent offshore storage on the Norwegian Continental Shelf. The project combines regional CO2 aggregation, maritime transport, and offshore storage infrastructure, the companies said in a joint release.
CO2 will be collected at export hubs near industrial centers and transported by dedicated carriers to the Atlas storage site in the Norwegian North Sea. There, the CO2 will be injected through subsea infrastructure into a saline aquifer more than 2,000 m below the seabed.
The storage site is located within the Aker BP-operated EXL011 license, in which Aker BP holds 80% interest and ORLEN Upstream Norway holds 20%.
Atlas is designed to store up to 6 million tonnes/year of CO2, with expansion potential beyond 10 million tpy as market demand develops, the companies said.
The project was designated a European Union Project of Mutual Interest in April 2026. A final investment decision is targeted in 2028, with first CO2 injection planned for 2031.




















