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EU FUNDING FOR ANTWERP PORT CARBON REDUCTION PROJECT

Friday, October 9, 2020 

A consortium consisting of the Port of Antwerp along with Air Liquide, BASF, Borealis, ExxonMobil, INEOS, Fluxys, and Total have initiated a project, entitled Antwerp@C, aiming to keep CO2 out of the atmosphere and as such to make a significant contribution towards the climate objectives through capturing and utilising or storing CO2.

The consortium has received EU funding to carry out studies for a liquid CO2 Export Terminal, a CO2 backbone within the Port of Antwerp and a CO2 cross border pipeline to connect to the Netherlands. The aim is to reduce the CO2 emissions within the port (18.65 million tons of greenhouse gas emissions in 2017) potentially by half between now and 2030.

Two subsidies for detailed studies, worth about € 9 million, are granted under the European funding program for Trans-European Energy Networks, CEF. The grants will support studies into carbon capture and storage (CCS) and into two pathways for cross-border CO2 transport infrastructure, one for transport via an onshore pipeline to Rotterdam and one for transport by ship to North-West Europe.

Jacques Vandermeiren, CEO Port of Antwerp, said: “The time is now to make the transition towards a carbon neutral economy. Europe leads the way on a global stage. With Antwerp@C, the port of Antwerp has the key to realize an innovative cross-border CCS project, a first of a kind in its concept and scale. We are proud to receive the necessary financial support for the study phase, as this project will contribute to the Flemish, Belgian and European climate goals and to the increased EU 2030 targets for emission reduction to at least 55%.”

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