Netherlands backs Porthos carbon storage facility
Dutch government is set to underwrite contracts for CCS project while it pushes ahead with parallel Aramis development
The Dutch government is set to underwrite contracts being agreed by the Porthos offshore carbon transport and storage facility to avoid delays caused by a legal challenge. The Porthos carbon capture and storage (CCS) project was due to make FID at the end of this year and begin operations in 2024. It will transport and store 2.34mn t/yr of CO₂ offshore from four CCS projects that have already been granted subsidies of up to €2.1bn ($2.2bn) under the 2020 SDE++ scheme to support sustainable technologies. 2.34mn t/yr — CO₂ to be carried by Porthos Porthos had applied for a statutory construction exemption so nitrogen emissions from construction would not require a permit. The Dutch Co
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks