The Netherlands is providing around 2 billion euros for a large project for CO2 storage. It was reported after confirmation by the Port of Rotterdam and Royal Dutch Shell.
In addition to Shell, Exxon Mobil and Air Liquide and Air Products are also participating in the project, according to Reuters.
The storage of CO2 captured in the Port of Rotterdam must take place in empty gas fields in the North Sea. From 2024 onwards, 2.5 megatons of CO2 will have to be captured and stored annually. Shell Pernis accounts for almost half of this at 1.1 megatons.