Return to Today's Publications

 

Newsletter:
Date Range (YYYY-MM-DD) -
Company, Industry or Technology:
  Search Tips


Dutch North Sea CCS Project Scores $2.4bn in Subsidies (Int'l)
Shell, ExxonMobil
Date: 2021-05-10
At the Hague, the Dutch government reports the granting of €2 billion ($2.43 billion) over 15-yars in subsidies to a consortium of oil and gas giants Shell, ExxonMobil along with Air Liquide and Air Products to support a giant carbon capture and storage (CCS) project in the Dutch sector of the North Sea.

The subsidy funds will be directed towards the Porthos project that will see about 2.5 million tpy of carbon dioxide from industry in the Port of Rotterdam stored in depleted reservoirs at a gas field in the North Sea. The Porthos project, which was established by EBN, Gasunie and the Port of Rotterdam Authority, is anticipated to store more than 37 million tonnes of CO2 over the 15 year subsidy agreement. (Source: Upstream, 10 May, 2021)

More Low-Carbon Energy News CCS news,  Shell news,  ExxonMobil news,  Air Liquede news,  

Showing 1 to 1 of 1.