TotalEnergies (TTE) and Partners Launch First CO₂ Shipment Under Northern Lights Project

TotalEnergies SE (NYSE:TTE) is one of the cheap blue-chip stocks to invest in now. On August 25, TotalEnergies, Equinor, and Shell announced the successful transport and injection of CO₂ from Heidelberg Materials’ cement plant in Brevik, Norway to Northern Lights’ storage site in Øygarden.

The CO₂ was stored 2,600 meters beneath the seabed, marking a major milestone for Europe’s carbon capture and storage (CCS) efforts. “We are entering a new phase for the CCS industry in Europe,” said Arnaud Le Foll, SVP of Carbon Neutrality at TotalEnergies.

Northern Lights is the world’s first commercial CO₂ transport and storage service, with its initial 1.5 Mt/year capacity fully booked by industrial clients across Norway and continental Europe. A second phase, approved in March 2025, will expand capacity to over 5 Mt/year by 2028. Customers include Hafslund Celsio, Yara, Ørsted, and Stockholm Exergi, reflecting growing demand for scalable decarbonization solutions.

TotalEnergies SE (NYSE:TTE) is a global energy company active in 120 countries, producing and marketing oil, biofuels, natural gas, hydrogen, renewables, and electricity. With over 100,000 employees, the company prioritizes sustainability and is advancing carbon storage projects like Northern Lights to help industries reduce emissions and transition to cleaner energy.

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Disclosure: None. This article is originally published at Insider Monkey.