Technip to Provide Marine Loading Arms for Liquefied CO2 in Phase 2 of Northern Lights Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2025
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Source: SeekingAlpha
Contract Award: Technip Energies has secured a contract to supply three fully electric marine loading arms for phase 2 of the Northern Lights CO₂ transport and storage project in Øygarden, Norway.
Innovative Design: The loading arms will feature a fully electric design, marking a first-of-its-kind solution that eliminates the use of hydraulics.
Capacity Expansion: This second phase aims to increase the terminal's capacity to handle over 5 million tonnes of CO₂ per year by 2028.
Previous Success: The contract builds on Technip's successful delivery of the world's first liquefied CO₂ marine loading arms for phase 1 of the project, which is set to enter operation in summer 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
