I’m happy to share that Equinor and Microsoft have signed a Strategic Collaboration Agreement to help accelerate the development of CO2 transport and storage value chains and the Carbon Dioxide Removal (CDR) credits market in North-Western Europe and the United States! Our companies share strong ambitions within these areas. Equinor as a major player in CO2 transport and storage, and Microsoft as the world’s leading procurer of CDR credits that can also provide the end-to-end digital backbone to track molecules from capture sites to permanent storage. We are looking forward to collaborating with Microsoft. By procuring credits from pioneering CDR developers, Microsoft helped secure commitments that supported the launch of Northern Lights JV, the world’s first, third-party CO2 transport and storage project, now in operation at Øygarden, Norway. Through this new agreement, we intend to build on that experience, work together to develop CO2 value chains and make carbon removals available to a broader set of market participants. Collaboration across the value chain is essential to enable carbon removal at scale and we look forward to continuing this journey with Microsoft!
Great news Grete Tveit, congratulations to all involved. Please keep us posted!
Very good, the only way to move forward to NetZero is through collaboration and cooperation across the value chain!
Brilliant example of leadership in decarbonization space in a first of a kind collaboration - excited to see what comes next!
You can count on "Mad Ed" Miliband to throw billions of pounds at carbon capture in a quixotic crusade for tech that's flopped everywhere else https://tilakdoshi.substack.com/p/britains-quixotic-carbon-capture
Fantastic news 👏🏽👏🏽
Excellent news - congratulations to everyone involved! 💚
Fantastic news!
Exciting to see how cross-sector collaboration can strengthen trust and transparency in CO₂ value chains!
Corporate Vice President, Energy & Resources Industry at Microsoft | Board Member of ABS, INROADS, and UH Energy Transition Institute
1moProud to see the collaboration between Equinor and Microsoft demonstrating how digital innovation and industrial scale can accelerate carbon removal. Big thanks to Grete Tveit, Sverre Brandsberg-Dahl, Jacob Bang and the extended teams for making this real. 🫱🏾🫲🏾