Port Of Aalborg News

KBR has been awarded a Front-End Engineering Design (FFED) contract by Fidelis New Energy for Project Fyrkat, a liquid carbon dioxide (LCO2) receiving terminal at the Port of Aalborg, Denmark. KBR will provide engineering to support the LCO2 handling and storage facility, as Fidelis New Energy aims to help global decarbonization.Project Fyrkat is one of the first onshore CO2 sequestration facilities, and is part of a larger initiative, Project Norne, which expects to store more than 20 million tonnes of CO2 per year by 2030. This equates to around half of Denmark's yearly emissions.

The Port's Board of Directors has approved an investment budget of 500 million kroner (about US$ 90,735,000) for the Port of Aalborg Group in the period 2014-2016. An analysis prepared by the City of Aalborg Business Office and Business Network 9220 shows that companies in Aalborg East generally made it through the crisis, and that many of them are planning further growth already . "The analysis has made me even more confident in my recommendation to the Board for approval of the massive investment framework for the port.