Project STARFISH awarded EUR 225 million from EU Innovation Fund

STAVANGER, Norway, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Altera Infrastructure is excited to announce that the STARFISH project, a part of Altera Infrastructure's broader Stella Maris CCS initiative, has been awarded up to EUR 225 million in grant funding by the EU Innovation Fund.

The STARFISH (or Sequestration Technology And Reservoir: Floating Injection and Storage in Havstjerne) project, developed in partnership with Harbour Energy, will provide a first-of-its-kind, large-scale solution for CO2 sequestration using shared, flexible offshore infrastructure.

The STARFISH project focuses on an open-access CO2 storage concept that allows captured emissions from multiple sources to be safely stored in the Havstjerne reservoir, located 100 km southwest of Egersund, Norway. In 2023, the project partners were awarded an exploration license for the reservoir, and Phase 1 of the project is expected to enable the storage of 42.75 ...