Norwegian energy company CO2 Management AS (CO2M) will build a carbon dioxide (CO2) transshipment hub in the city of Bremen, Germany for the utilisation or storage of captured CO2, marking the first facility of its kind in the country.
The project aims to reduce carbon emissions across hard-to-abate industries such as cement, concrete, chemicals, steel, and waste management.
To achieve targets set by the Paris Agreement in 2015 carbon capture, utilisation, and storage (CCUS) technologies must be scaled up, according to industry.
Following the signing of a letter of intent with bremenports GmbH & Co. KG (bremenports), CO2M will use the new CO2 hub to store CO2 collected in liquefied form from industrial sites to be recycled or loaded onto ships and exported to permanent storage facilities.
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