Singapore-based floater owner and operator Yinson Production has acquired 100% of the shares in Stella Maris CCS from UK floater company Altera Infrastructure.
Stella Maris specializes in carbon capture and storage (CCS), covering the entire CCS value chain—from carbon capture and intermediate storage to offshore transportation and permanent CO₂ sequestration for industrial sources.
Stella Maris holds a 40% stake in the Havstjerne Reservoir on the Norwegian Continental Shelf, a project developed in collaboration with Harbour Energy.
The European Union’s Innovation Fund has recognized the Havstjerne project with a grant of up to €225 million, marking the largest EU grant awarded to a CCS initiative.
This acquisition enhances Yinson Production’s role in the low-carbon market and underscores its commitment to supporting the global energy transition.
Lars Gunnar Vogt, Yinson Production’s Chief Technical Officer, said the move aligns with the company’s strategy to drive innovation and sustainability in the energy sector, aiding industrial emitters in achieving their decarbonization goals.
