Sasol new partner in CO2 Technology Centre Mongstad
Historical archive
Published under: Stoltenberg's 2nd Government
Publisher: Ministry of Petroleum and Energy
Press release | No: 51/10 | Date: 04/05/2010
As of today, the South African company Sasol joined as partner in CO2 Technology Centre Mongstad (TCM). According to the agreement between The Norwegian State, represented by the Ministry of Petroleum and Energy and Sasol, the Norwegian State has agreed to sell and Sasol has agreed to buy 2, 44% of the participating interest in TCM.
As of today, the South African company Sasol joined as partner in CO2 Technology Centre Mongstad (TCM). According to the agreement between The Norwegian State, represented by the Ministry of Petroleum and Energy and Sasol, the Norwegian State has agreed to sell and Sasol has agreed to buy 2, 44% of the participating interest in TCM. The Technology Centre at Mongstad is an important contribution to the necessary development of CCS technology.
- I welcome Sasol as partner in the Technology Centre at Mongstad. I am certain that our new partner from South Africa will bring along essential knowledge and experience that will benefit TCM. The significance of the TCM-project is global and this is now duly reflected in the partnership, says Minister of Petroleum and Energy Terje Riis-Johansen.
Sasol is a significant producer of liquid fuels, fuels components and chemicals.
The construction of the CO2 Technology Centre is in full progress. According to plan, the Centre will be ready for operation at the end of 2011. To ensure that the experiences from the Technology Centre have the broadest relevance, the Technology Centre will test CO2 capture on two types of flue gases using two capture technologies. The partners in TCM are now the Norwegian State, Sasol, Statoil and Shell.