First CO2 storage project by Porthos is launched at Rotterdam, The Netherlands
Porthos has taken a final investment decision to develop the first major CO2 transport and storage system in the Netherlands. In 2024 construction will begin in Rotterdam, with the Porthos system expected to be operational by 2026. The Porthos infrastructure requires an investment of €1.3 billion. With the final investment decision reached, Porthos will now award contracts required to realise the project.
Porthos is a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority. Porthos will provide transport and storage services to several companies in the port of Rotterdam, including Air Liquide, Air Products, ExxonMobil, and Shell. These companies will invest in their own capture installations to supply CO2 to Porthos. Porthos will transport the CO2 through the port of Rotterdam to depleted gas fields in the North Sea, approximately 20 km off the coast, where it will be permanently stored at a depth of 3 to 4 km under the seabed. Porthos plans to store about 2.5 Mton per year for 15 years, totalling around 37 Mton. With that, Porthos has contracted its full storage capacity. The onshore transport system under construction allows for future CO2 storage projects.
Hans Meeuwsen, Porthos director: “CO2 storage is crucial if we want to achieve the climate goals in the Netherlands. This investment decision is an important starting point for future developments in CO2 storage in the Netherlands.”
Carbon Capture and Storage (CCS) is a cost-effective way to keep large amounts of CO2 emissions out of the atmosphere in the short term. It is therefore an important pillar of the Dutch government’s climate policy. Thanks to Porthos, the Rotterdam port industry will soon emit about 10% less CO2. At the same time, the industry is working on the transition to processes based on renewable energy and raw materials.
To realise the project, Porthos partners with TAQA Energy, the present operator of the P18 gas fields, and specialised contractors and suppliers such as Denys N.V., Allseas, LMR Drilling GmbH, Mannesmann Grossrohr GmbH, Corinth Pipeworks, Equans, Ensco Offshore, Van der Ven and Bonatti. Together, under Porthos’ direction, they will deliver the required infrastructure.
The European Union recognised Porthos as an important project in meeting climate targets, declaring Porthos a Project of Common Interest and awarded €102 million in subsidy for it.
Categories
Investments
2023-01-01
€ 1,300 mln at Port of Rotterdam (NL)Countries
Companies
Latest news
Technip Energies awarded two services contracts for first-of-a-kind waste-to-methanol Ecoplanta project in Spain
Chemmed Cluster Tarragona →Technip Energies (PARIS:TE) has been awarded two engineering services contracts by Repsol for the development of the Ecoplanta Molecular Recycling Solutions (Ecoplanta) project, a first-of-a-kind w...
Heidelberg Materials takes Final Investment Decision for CCS project in UK – construction will start this year
The project in North Wales will make Heidelberg Materials’ Padeswood site the company’s second plant to deliver net-zero carbon captured evoZero® cement to customers across Europe
INEOS Styrolution marks milestone with first commercial delivery of recycled styrene monomer from Indaver
Port Of Antwerp →Recycled styrene monomer produced via depolymerisation now delivered at scale. Enables high-quality styrenics, including for food-grade and medical applications. Adds chemically recycled material t...
Borealis’ new compounding line in Belgium offers premium recyclate-based polyolefins
Borealis’ new compounding line in Beringen, Belgium, is now fully operational, providing high-quality, recyclate-containing polyolefin solutions for demanding applications in line with customer req...