Northern Lights became operational in 2024 as Europe's first open-access CO2 storage hub, expanding to 5 million tonnes annually by 2028. Meanwhile, Bayou Bend advances permitting for Gulf Coast industrial clusters. However, research warns that planning for high carbon removal levels risks minimal fossil fuel phase-out before mid-century, potentially creating massive stranded assets if large-scale deployment fails.
Northern Lights became operational in 2024 as Europe's first open-access CO2 storage hub, expanding to 5 million tonnes annually by 2028. Meanwhile, Bayou Bend advances permitting for Gulf Coast industrial clusters. However, research warns that planning for high carbon removal levels risks minimal fossil fuel phase-out before mid-century, potentially creating massive stranded assets if large-scale deployment fails.