Dutch government backs North Sea Porthos CCS project

FID expected this year as developers target 2024 startup for one of world’s largest CCS projects

The Dutch government has agreed to grant subsidies of up to €2.1bn ($2.55bn) to one of the world’s largest carbon capture and storage (CCS) projects in the North Sea. The Dutch government’s backing is expected to allow the developers of the 250mn t/yr Porthos CCS project—Shell, ExxonMobil, Air Liquide and Air Products—to reach FID by the end of this year, followed by a two-year construction phase and commissioning in 2024. 2.5mn t/yr – Potential capacity of Porthos CCS project Permitting for the project, which will use depleted gas reservoirs in the North Sea P18 blocks to store CO₂ piped via the Port of Rotterdam, is already in progress and is expected to take less than a yea

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