EU Innovation Fund awards €223M to Aker BP, Höegh Evi for cross-border CCS project

The EU Innovation Fund has granted €223 million to Aker BP and Höegh Evi for a large-scale CO2 transport and storage project, advancing cross-border carbon capture infrastructure. The award signals continued EU policy support for CCS as a decarbonization tool, though project execution and commercial viability remain uncertain. This development reinforces the EU's commitment to industrial carbon management, potentially influencing energy transition investment flows.