UK company Progressive Energy and Sweden-based Pipe58 will jointly advance a cross-border carbon capture, utilisation and storage initiative designed to accelerate industrial decarbonisation across the Baltic Sea region.
Named Highway58, the project will connect emitters around the region to permanent storage as well as utilisation facilities, including e-fuel producers. The initiative is intended to provide shared CO2 transport infrastructure, enabling captured carbon to be moved across borders to suitable storage or end-use locations.
The project aims to provide industries with access to carbon transport to support a scalable pathway to net zero. Sweden and Finland in particular are well positioned to deploy carbon capture at scale, as around two thirds of their CO2 emissions are biogenic.
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