According to a Commission press release, CEF energy has, since 2019, invested over EUR 978 million in 28 projects on CO2 transport, ranging from pipelines and liquefication terminals to buffer storage and compressor stations. These projects all share the goal of linking industrial CO2 emitters to permanent geological storage sites, thereby underpinning the EU’s targets for climate neutrality by 2050 and intermediate targets to achieve 50 million tonnes of annual CO2 injection capacity by 2030, as specified in the Net-Zero Industry Act
Among the investments covered by CEF Energy feature major projects involving the geological storage of CO2 under the seabed, such as the Prinos project which sets to create the first CCS value chain in the Sout-Eastern Mediterranean. Some projects also directly support infrastructure development in ports such as investments of EUR 12 million to extend quay walls at the Port of Aalborg in Denmark. Furthermore, the Baltic CCS project study will assess a cross-border network that should link Lithuanian and Latvian emitters to a future liquid CO2 terminal in Klaipeda.
Finally, the press release points to the Porthos project in the Netherlands as a good example on how EU support can turn plans into operational systems, as, with the support of CEF Energy, an open network allowing the transport of CO2 from industrial hubs in Dutch and Belgian seaports to offshore storage field. The project is expected to be operational in 2026.
FEPORT welcomes the Commission’s efforts aimed at expanding CO2 transportation capacity, including through targeted investments in terminals and infrastructure in ports. It is key that ambitious EU targets are accompanied by adequate funding opportunities.
