– This is the largest climate project in Norwegian industry ever, said the then Minister of Petroleum and Energy Tina Bru (H) when “Longship” was presented last fall.
The project involves carbon capture and storage at Norcem’s cement factory in Porsgrunn, and possibly the same at Fortum’s waste incineration plant at Klemetrud in Oslo – depending on financing.
Now the bill for Norcem’s project seems to be increasing significantly.
In the government’s proposal for changes in the state budget for 2022, we can read the following:
On 25 October 2021, the Ministry of Petroleum and Energy received updated cost estimates for the CO₂ capture project from Norcem. The updated cost estimates show that Norcem is now expected to exceed the maximum budget in the grant agreement between the state and Norcem.
The new estimate for expected investment costs (P50) has been increased by NOK 912 million to NOK 4146 million.
Frp: – Reminiscent of a crash landing at Mongstad
SKEPTIC: Ketil Solvik-Olsen believes the state is taking too much risk in the Langskip project.
Photo: Håkon Mosvold Larsen / NTB
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The Progress Party has long been skeptical of the billion project “Longship”.
– A billion in cost gap already shows that the project has significant risk. This is beginning to remind of a crash landing at Mongstad, says deputy leader of Frp, Ketil Solvik-Olsen to NRK.
He also refers to the Stoltenberg government’s failed “moon landing” with carbon capture and storage at the gas power plant at Mongstad.
The project was dropped after huge cost overruns.
– Is not it a little early to draw the Mongstad card? After all, there is a little more enthusiasm around these projects, right?
– Both parts are about creating a prestigious project where the state takes the main risk while others get the upside. We must at least heed the warnings that this project is off to a bad start.
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