Commitment to Energy Transition

Our most progressed new venture is our Stella Maris carbon capture and storage (CCS) project on which we are now working with Hoegh LNG. CCS solutions, which offer a way to permanently remove emitted carbon from the atmosphere, are likely crucial to meeting the goals of the Paris Agreement. In 2019, Altera initiated the Stella Maris CCS project with the ambition to offer a chain of large-scale floating infrastructure for collection, transport, and injection of CO2into subsea reservoirs and aquifers.

The project achieved significant momentum in 2021 and the ambition is now to provide cost efficient floating CCS infrastructure solutions for a global market, not limited to size or geographical location. In 2020 to 2021, Stella Maris received partial funding from the Norwegian CLIMIT Board, managed by Gassnova, the Norwegian state enterprise to promote technology and competence within CCS.

Read full story here.