A UK-Swedish partnership has been established to advance a cross-border carbon capture, utilization and storage (CCUS) initiative designed to accelerate industrial decarbonization across the Baltic Sea region.
Under a memorandum of understanding (MoU), the UK’s Progressive Energy and Swedish Pipe58 AB will pursue the Highway58 project, which aims to establish a new, shared CO2 transport network, connecting industrial emitters around the Baltic Sea to permanent storage as well as utilization facilities such as e-fuel producers.