Porthos launches CO2 storage project in Netherlands
SUMMARY
The system will transport CO2 through the port of Rotterdam to depleted gas fields in the North Sea. [Image: TAQA]
By Shardul SharmaUtrecht-based Porthos announced on October 18 that it had made a final investment decision to develop a CO2 transport and storage system in the Netherlands. The system is expected to begin construction in 2024 and be operational by 2026.
Porthos is a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority. The company will provide transport and storage services to several companies in the port of Rotterdam, including Air Liquide, Air Products, ExxonMobil, and Shell.
The system will transport 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. The infrastructure requires an investment of €1.3bn, Porthos said. To realise the project, Porthos has teamed up with TAQA Energy, the present operator of the P18 gas fields.
The project has received €102mn in subsidy from the European Union, which has recognised it as an important project in meeting climate targets.
