Cost of Norwegian Norcem's CCS effort up by EUR 94m

Covid-19, various technical project alterations and higher market prices increase the expenses of a CCS project at Norcem's cement factory.

Photo: Mads Claus Rasmussen

It's going to cost NOK 4.146bn (EUR 421m) to establish carbon capture at cement company Norcem's factory in Brevik, Norway, which is slated to become the world's first large-scale carbon-capture facility in 2024.

The new Norwegian government on Monday presented an addendum to the state budget stating the new price, which is NOK 921m higher than hitherto assumed.

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