General – CO2 Transport & Storage
Pierre M.G. Bartholomeus of the Dutch Gasunie announced on social media today the signing of the Porthos Final Investment Decision!
Porthos 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 Mton per year for 15 years, totalling around 37 Mton. Porthos has contracted its full storage capacity. The onshore transport system under construction allows for future CO2 storage projects.