Major industrial CCS (carbon capture and storage) project Porthos gets Dutch SDE++ subsidy. Still some permits to go, but it looks like it will actually happen!
Will reduce NL emissions by 2.5 million tonnes of CO2 per year, for fifteen years.
Will reduce NL emissions by 2.5 million tonnes of CO2 per year, for fifteen years.
https://twitter.com/HenriBontenbal/status/1391449267923980293
.@PortOfRotterdam says this project costs around €80 per tonne of CO2 captured and stored. At the current EU ETS CO2 price of €50/tCO2, only €30 subsidy is needed per tonne.
A lot of the project's CO2 comes from industrial hydrogen production, by Steam Methane Reforming of natural gas. Assuming 2/3 of the CO2 is captured (more is expensive), this hydrogen, now 'grey', will become 'bluish' .
For reference: the 2.5 million tCO2 per year captured and stored by Porthos means a reduction of total Dutch emissions (excl. aviation and international shipping) by around 1.4%.
Good point: the €2 billion in govt subsidies for the @PortOfRotterdam CCS project, mentioned in many places, is actually the cap. At current EU CO2 prices, it'd be €1.1 billion; if those go up further, even less.
https://twitter.com/irPaulusJansen/status/1392010241492066304?s=19
Oddly, Dutch social-democrats @PvdA now call supporting CCS projects 'very stupid', while their party platform heavily relied on it for emission reduction.
https://twitter.com/Pieter_Grinwis/status/1391839153084682243?s=20
[Those elections were in March, so there's only 2 months in between both statements]
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