Cabinet adds €1.3bn in support for CO2 storage project
The extra government support goes to the Aramis project, while Porthos, the first Dutch CO2 storage site in Rotterdam, is delayed by technical problems.
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Illustrative photo: Michielverbeek / CC BY-SA 4.0_IMG_2515_2022-07-11_12.48.jpg){kind=link}
The cabinet is putting €1.3bn of extra government support into Aramis, a larger project in which CO2 from the Netherlands, Germany and Belgium would be stored under the North Sea.
Industry is responsible for about a third of total Dutch emissions. Waste incinerators, Tata Steel, cement factories and the chemical industry could use Aramis to limit theirs.
Last year Shell and TotalEnergies pulled out of building Aramis's transport infrastructure, which will have a much longer underground pipeline than Porthos. The state-owned companies Energiebeheer Nederland (EBN) and Gasunie must now bear the whole cost.
Porthos delayed
Porthos, the first Dutch CO2 storage project, is due to start next year in Rotterdam. The first CO2 was meant to go under the seabed at the end of this year, but several technical problems have delayed it. The former gas platform P18-A, 20 kilometres off the coast, is being converted into the injection platform.
Porthos can capture 2.5 megatonnes of CO2 a year, about 10% of all emissions in the Rotterdam port area. Most comes from Shell's refinery in Pernis, which can cut its emissions by 20%. The rest comes from ExxonMobil, Air Products and Air Liquide.
Industry's own climate-related investment was €1.09bn in 2024, Statistics Netherlands (CBS) figures show. That is down from a peak of €1.69bn in 2023 and well above the €660m of 2018.
Industry's climate investment fell back in 2024 after a peak in 2023
€m · 2018–2024
Industry's climate investment fell back in 2024 after a peak in 2023 (€m). From 660 in 2018 to 1,090 in 2024; highest 1,690 in 2023, lowest 660 in 2018. Source: CBS.
View data
| Period | €m |
|---|---|
| 2018 | 660 |
| 2019 | 770 |
| 2020 | 670 |
| 2021 | 1,090 |
| 2022 | 1,090 |
| 2023 | 1,690 |
| 2024 | 1,090 |
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