Air Liquide, BASF, Borealis, INEOS, ExxonMobil, Fluxys, Port of Antwerp and Total have signed an agreement for the development of CCUS infrastructure at the Port of Antwerp in Belgium.
The newly formed consortium will study the economic and technical feasibility of CCUS facilities at the port, in an effort to achieve climate goals.
CCS and the use of CO2 as a raw material for various industrial applications are also important avenues in the transition to a lower emissions port and will also be something the group will study.
Partners in the project believe that both applications can have a significant impact in the longer term and can make a useful contribution to achieving the energy and climate objectives at Flemish, Belgian and European level.
If the proposals turn out to be technically and economically feasible, then development of such facilities can lead to reductions in CO2 emissions in the run-up to 2030.
“In addition to make use of sustainable energy sources and raising the energy efficiency of production companies, CCUS can make an important contribution in the transition to a sustainable, lower emissions, circular economy in the port,” said Jacques Vandermeiren, Port of Antwerp CEO.
In the first phase of the project, the companies will carry out studies of the technical and economic feasibility of CO2 facilities to support CCUS. The first phase of the project is expected to take approximately one year.
The feasibility study will also investigate possibilities for CO2 storage, however, Belgium does not have suitable geological formations for storing CO2 underground, so international collaboration will be necessary.