Porthos has announced it has taken a final investment decision to develop the first major CO2 transport and storage system in the Netherlands.
In 2024 construction will begin in Rotterdam, with the Porthos system expected to be operational by 2026.
The Porthos infrastructure requires an investment of €1.3 billion. With the final investment decision reached, Porthos will now award contracts required to realise the project.
Porthos is a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority. Porthos will provide transport and storage services to several companies in the port of Rotterdam, including Air Liquide, Air Products, ExxonMobil, and Shell. These companies will invest in their own capture installations to supply CO2 to Porthos.
Porthos will transport the 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. Porthos plans to store about 2.5 MTPA for 15 years, totalling around 37 million metric tons.
Hans Meeuwsen, Porthos director says: ‘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.’