Porthos CO2 Storage Project Launched In The Netherlands

Porthos Co2 Storage Project Launched In The Netherlands - Carbon Herald

Article originally published on October 18th, contained incorrect data for the project’s storage capacity.

The Netherlands has taken a significant step towards a more sustainable future with the launch of the Porthos CO2 Storage Project. This project marks the first carbon storage initiative in the country and represents a major development in the fight against climate change.

Porthos, which stands for Port of Rotterdam CO2 Transport Hub and Offshore Storage, is a joint venture between three influential entities in the energy sector: EBN, Gasunie, and the Port of Rotterdam Authority. It has recently made the final investment decision to proceed with the development of the groundbreaking CO2 storage project.

Construction of the storage location is scheduled to begin in Rotterdam in 2024, with the Porthos system expected to be fully operational by 2026. The infrastructure required for this project will involve a substantial investment of €1.3 billion. Now that the final investment decision has been made, Porthos is in the process of awarding the necessary contracts to bring this project to fulfillment.

Relevant: Positive Outcome For Porthos Project In Dutch Council Of State’s Final Ruling

While the launch of the Porthos CO2 storage project sets the tone for future climate action, it needs to be backed up by other efforts in the same direction in order to have a long-lasting impact.

Codie Rossi, Policy Associate at Clean Air Task Force, commented: “This is the first storage project in the EU to take a final investment decision, so it’s an exciting breakthrough, but we have to make sure this isn’t where the CO2 storage momentum ends. Policymakers and business leaders need to expedite the development of more storage sites across Europe to unlock further emissions reductions.”

Porthos aims to store approximately 2.5 million tonnes per year for the next 15 years, resulting in a total storage of around 37 million tonnes. The ambitious project has already contracted its full storage capacity, indicating the high demand and importance of CO2 storage for achieving climate targets. 

Read more: Carbon Gap Launches New Carbon Removal Policy Tracker For Europe

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