DNV Partners with Carbon Centric for Carbon Removal Agreement
- DNV and Carbon Centric signed a four-year agreement for carbon removal credits.
- The new plant will capture 30,000 tonnes of CO₂ annually in Kirkenaer, Norway.
- DNV will purchase 10,000 carbon capture credits per year, covering one-third of the plant's capacity.
Agreement Overview
DNV and Carbon Centric have entered a four-year agreement focused on carbon removal credits. This collaboration aims to support the development of a new carbon capture plant in Kirkenaer, Norway.
Plant Capacity and Impact
The plant is designed to capture approximately 30,000 tonnes of CO₂ annually. DNV's commitment to purchasing 10,000 carbon capture credits per year will account for one-third of the facility's total capacity during the initial four years.
Strategic Importance
This agreement aligns with DNV's objectives to offset its carbon footprint and promote verifiable climate action. By investing in early-stage projects, DNV contributes to the growth of the carbon removal market.
Project Development
Carbon Centric will construct the new plant at an energy recovery site, with the partnership demonstrating how long-term purchase agreements can facilitate the realization of permanent carbon removal projects.
Source: Carbon Centric