The port of Rotterdam
North Sea Porthos carbon storage project hits FID
Netherlands’ first major storage project sees costs more than double after two-year delay
The Netherlands’ Porthos North Sea CO₂ storage project has reached FID and is set to move forward at a cost of €1.3b ($1.37b), more than double the original estimate of €500m, following a two-year delay because of a legal challenge. The project, which is a joint venture between Dutch gas company Energie Beheer Nederland, Dutch gas transmission system operator Gasunie and the Port of Rotterdam Authority, is expected to be operational in 2026. "CO₂ storage is crucial if we want to achieve the climate goals in the Netherlands,” said Hans Meeuwsen, director of Porthos. “This investment decision is an important starting point for future developments in CO₂ storage in the Netherlands." The project
Also in this section
19 June 2025
Andean country has become a leading destination for voluntary carbon credit investment, but challenges remain
18 June 2025
Gas Processors Association Europe brings together leading specialists at annual event in Netherlands to analyse the challenges and opportunities presented by technology at heart of Europe’s decarbonisation strategy
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
