Carbon capture and storage

The vessel is expected to be delivered by the end of the year, while the project's new port in Esjberg is on target for completion this autumn.
The agreement calls for approximately 2.3 million metric tons of carbon dioxide to be securely stored per year at 1PointFive’s Pelican Sequestration Hub in Louisiana.
The 2025 update to SPE’s CO₂ Storage Resources Management System (SRMS) is now available. Following a 2-year review, the updated framework—endorsed by six professional societies—builds on the original 2017 system to support consistent classification, evaluation, and reporting of CO₂ storage resources. A key change in the 2025 SRMS Update is the inclusion of CO₂ EOR as…

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