The European Union is prepared in principle to provide a subsidy for the Porthos project on storage of CO2 from industry in Antwerp, Ghent, Zeeland and Rotterdam beneath the North Sea. This is according to the list of energy projects that the European Parliament approved on Wednesday.
Lloyd’s Register John McCurry highlights the importance of developing carbon capture and storage, after withdrawal of UK funding in 2015, and its positive impact on the environment. Carbon capture and storage (CCS) divides the CO2 produced by industry, compresses it for transportation, and permanently stores it in rock formations. Also, it stops carbon emissions from entering the atmosphere and plays a key role in climate change.
On 20 January, the Italian energy company Eni along with the international oil company ADNOC, shake their hands and inked a strategic framework agreement. Through their collaboration both companies will further explore new opportunities in carbon capture utilization and storage (CCUS).
Lloyd’s Register conducted a report for the UK’s Oil and gas Authority (OGA) in efforts to explore the country’s upstream opportunities to cut its GHG emissions, amid its announcement in becoming the first major economy to pass a net zero law for greenhouse gas emissions.
In line its “Technology Outlook 2030” report, DNV GL focuses on the mitigation of CO2 emissions and how the industries can deal with, looking for ways to recycle CO2, capture the emissions and store them, proposing the launch of negative emissions technologies to tackle the issue.
A group of shipping partners, including NYK, Sovcomflot, Knutsen OAS and Ardmore, ship builders, including DSME, and the mining company Vale, are cooperating with Danish Maritime Development Centre to develop an onboard carbon capture and storage solution, in a project called decarbonICE.
Equinor signed Memoranda of Understanding with seven European companies to develop value chains in carbon capture and storage. Equinor is collaborating with Shell and Total to find out the possibilities for developing a CO2 storage on the Norwegian continental shelf (NCS).
Following investigation on storage of CO2 in depleted offshore gas fields under the North Sea earlier this year, the Port of Rotterdam-led Porthos project now aims to close cooperation agreements (Joint Development Agreements, JDA) with interested companies.
As part of their efforts to advance innovation and development on the field of CO2 storage, Norwegian oil company Equinor and its partners will disclose datasets from the Sleipner field; the world’s first offshore Carbon Capture and Storage (CCS) plant.
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