Xodus Group delivers carbon capture-related study for Dutch authorities
Aberdeen-based energy consultancy Xodus Group has delivered a review into tariffs for a landmark carbon capture utilisation and storage (CCUS) project in the Netherlands.
There view for the Dutch Ministry of Economic Affairs and Climate Policy analysed proposed fees for the transport and storage needs of the Porthos project, which seeks to transport carbon dioxide (CO 2) from industry in the Port of Rotterdam to empty gas fields under the North Sea. The CO 2 that will be transported and stored by Porthos will be captured from various companies, with Shell, Exxonmobil, Air Liquide and Air Products having signed joint development agreements.
They will supply their CO2 to a collective pipeline running through the Rotterdam port area before being pressurised in a compressor station.
Jonathan Fuller, global head of advisory and energy transition at Xodus Group, said the Por thos project could make “a significant contribution to helping the Netherlands reach its carbon reduction targets”.
The CO2 will be transported through an offshore pipeline to a platform in the North Sea, about 20 kilometres off the coast, where it will be pumped into an empty gas field more than 3km under the sea. It is expected that in its early years, the project will be able to store about 2.5 million tonnes of CO2 a year – with plans to be operational by 2024.
Xod us believes that more momentum is required around enabling CC US projects if countries are to meet net zero targets.
Fuller added :“CC US is expected to play a vital role in decarbonisation strategies… Xodus is developing a roadmap for CC US commercialisation by addressing the policy, business model structures and interactions required b et ween public and private vehicles to achieve success.”