Porthos, a joint venture involving EBN, Gasunie, and the Port of Rotterdam Authority, has approved a €1.3 billion investment for the Netherlands’ inaugural CO2 transport and storage system.
CO2 Storage
- Construction in Rotterdam starts in 2024, targeting operational readiness by 2026.
- Porthos will serve companies like Air Liquide, Air Products, ExxonMobil, and Shell, transporting their captured CO2 to be stored in North Sea depleted gas fields, ultimately storing approximately 37 million tons over 15 years, fully utilizing its storage capacity.
- The onshore transport system will facilitate 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.”
Boudewijn Siemons, interim CEO and COO of Port of Rotterdam Authority:
“It is wonderful that Porthos can now start with the construction work in the port. The CO2 storage will reduce emissions from the companies in the port of Rotterdam by 10%. Next to all our other efforts to start working with cleaner fuels, CO2 capture and storage is really necessary if we are to achieve a considerable reduction in CO2. With Porthos, we are taking the first big step.”
Key Pillar
Carbon Capture and Storage (CCS) through Porthos plays a crucial role in the Dutch government’s climate policy, reducing CO2 emissions by approximately 10% in the Rotterdam port industry.
Porthos collaborates with TAQA Energy, specialized contractors, and suppliers to execute the project and develop essential infrastructure. The European Union has designated Porthos as a Project of Common Interest and granted €102 million in subsidies to support its role in achieving climate targets.
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Source: Port Of Rotterdam
