Netherlands injects €2.1bn into ‘Europe’s largest’ CCS project

The project will capture emissions from industry in the Port of Rotterdam and store them in empty gas fields beneath the North Sea

Big Zero Show 2023

The Dutch Government has announced a massive investment of €2.1 billion (£1.8bn) in what it claims to be Europe’s first and largest carbon capture and storage project.

The ‘Porthos’ project, which is being developed by a group of companies, including oil giants Royal Dutch Shell and ExxonMobil, will capture carbon emissions from factories and refineries in the Port of Rotterdam, the Netherlands, transport and store them in empty gas fields beneath the North Sea.

The project is predicted to store approximately 2.5 million tonnes of carbon dioxide a year.

The funding of Porthos is part of a €4.6 billion (£3.9bn) government package to support the development of 3,500 low carbon projects.

Yeşilgöz-Zegerius, Secretary of State for Economic Affairs and Climate, said: “I am delighted that we can grant subsidies to almost 3,500 sustainable and cost-effective projects. This is not only essential for our climate goals but also to keep the transition affordable.

“The subsidy for the development of the Porthos project also stands out to me. This will be the first large-scale CCS project in the EU. A great first that also makes an important contribution to the climate goals.”

Network with hundreds of businesses and public sector organisations taking bigger steps to net zero. Book your FREE ticket to the Big Zero Show 2023 now. 

If you enjoyed this story you can sign up to our weekly email for Energy Live News – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the future Net Zero newsletter. 

Latest Podcast