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World’s first agreement to ship CO2

Denmark, Flanders and Belgium sign groundbreaking arrangement on cross-border transportation of CO2 for geological storage. The agreement is the first of its kind.

 

Denmark, Flanders and Belgium have concluded a specific arrangement, which makes it possible to transport CO2 between the two countries with the purpose of permanent geological storage. They are the first countries in the world to enter into such a bilateral arrangement.

The possibility of importing CO2 from abroad to store it safely in the depleted oil and gas fields has taken a big leap forward.

Denmark, Flanders and Belgium agreed on a framework that paves the way for more efficient international cooperation on carbon capture, utilisation, and storage (CCUS). The framework is part of the efforts to contribute to the EU goal of climate neutrality by 2050.

According to the IPCC, storage of CO2 is a key instrument in mitigating climate change as it can rid the atmosphere of some of the greenhouse gas emissions that otherwise would be difficult to reduce. International movement of CO2 is essential, as not all countries have the possibility to store CO2. Regional cooperation and cross-border infrastructure are crucial elements in this respect.

In addition to the framework on CCUS cooperation, Denmark, Flanders and Belgium have now specifically concluded an arrangement on how cross-border transportation of CO2 can be done under the London Protocol, which has for long been an unanswered question in the development of the international value chain.

Danish Minister for Climate, Energy, and Utilities, Dan Jørgensen:

“This is huge. By taking the first steps, Denmark and Belgium are leading the way for a model on how to enable the cross border transportation of CO2 with the purpose of permanent geological storage. Denmark has a strong wish to not only realise our own national goal of net zero by no later than 2050, but also pave the way for a greener Europe. With this arrangement, we are one step closer to reaching this goal.”

Belgian federal Deputy Prime Minister and Minister of the North Sea, Vincent Van Quickenborne:

“The development of new methods to reduce carbon emissions is of vital importance for the future of our planet. The sea can play a key role in this. Not only has it always been very important for regulating our climate. But it also provides possibilities for carbon capture and storage. Our Belgian industry is largely involved in this. Beginning of April, the European Commission signed an investment agreement of 356 million euros for the Kairos@C-project. An initiative from chemical companies in Antwerp to develop the infrastructure to capture carbon emissions and to store the carbon in depleted oil and gas fields. The aim is to reduce the emissions in the next ten years by 14 million tons. This is a promising technology. By signing this Memorandum of Understanding, Belgium gives effect to the London Protocol, providing the international legal framework for transboundary CCS.”

Flemish Minister of Environment and Energy, Zuhal Demir:

”The capture, storage and reuse of CO2 will play an important role in the future of Flanders, in addition to the continuation of our strong policy on renewable energy and well-thought-out energy efficiency measures. Various companies in Flanders are already focusing on the rollout of CCUS to reduce their footprint. This intense cooperation between Flanders and Denmark supports and stimulates these developments.”

Facts:

  • Through various political agreements, Denmark has set aside funding of approximately 5 billion EUR for CCUS.
  • A broad majority of the parties in the Danish parliament agree in The Roadmap for CO2 Storage from 2021 to initiate investigations of potential storage sites in the Danish subsoil, and make it possible to import and export CO2 while ensuring that CO2 storage will take place in an environmentally and safety-sound manner.

 

This article is shared by courtesy of the Danish Ministry of Climate, Energy and Utilities who is responsible for national and international efforts to prevent climate change. Through visionary green leadership we aim to achieve the Danish Government’s target to reduce Danish greenhouse gas emissions by 70 percent by 2030. www.en.kefm.dk

For more news about CO2 storage, click HERE.

Narjiss Ghajour

Editor-in-Chief of Maritime Professionals

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