Atlas Project Höegh Evi
Copyright: Höegh Evi
10-21-2026

EU awards €223 million to Höegh Evi and Aker BP’s Atlas CO₂ project

Floating energy infrastructure specialist Höegh Evi and Norwegian oil and gas company Aker BP have been awarded €223 million from the EU Innovation Fund for the Atlas CO₂ transport and storage project. The cross-border CCS project will connect European industrial sites with permanent CO₂ storage on the Norwegian Continental Shelf.

Atlas combines regional CO₂ aggregation, large-scale low-pressure maritime transport and offshore storage. Export hubs near industrial clusters will aggregate CO₂, with dedicated carriers transporting it to the Norwegian North Sea. Solutions being developed in Stockholm demonstrate how industrial regions could connect to the network.

Atlas has a design capacity of six million tonnes of CO₂ per year, with potential to expand beyond ten million tonnes as the CCS market develops. Aggregation and maritime transport are intended to deliver economies of scale, reduce costs and provide flexibility to connect additional industrial regions.

“Atlas demonstrates how regional aggregation and large-scale low-pressure shipping can efficiently connect industrial regions to permanent CO₂ storage. This flexible maritime model can expand as the European CCS market develops,” said Nils Jakob Hasle, EVP Clean Energy at Höegh Evi.

“Europe needs safe and cost-effective permanent CO₂ storage. Atlas is designed to provide European industries with significant storage capacity on the Norwegian Continental Shelf and capture economies of scale needed to reduce CCS value chain costs,” said Ørjan Jentoft, CCS Asset Manager at Aker BP.

Atlas has been recognised as an EU Project of Mutual Interest since April 2026. The project is in the Select phase, targeting a final investment decision in 2028 and first injection from 2031. The funding will support implementation, subject to the final investment decision.

Source: https://hoeghevi.com/eu-innovation-fund-awards-eur-223-million-to-aker-bp-and-hoegh-evi-for-the-atlas-co2-transport-and-storage-project/

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