Neptune, CapeOmega investigating North Sea CO2 transport/storage

Offshore staff

THE HAGUE, the Netherlands — Neptune Energy and CapeOmega are working on a potential cross-border CO₂ storage service for industrial emitters.

NoordKaap would involve vessel transport of CO₂ for direct injection at offshore locations and for terminal offloading.

RWE has signed a letter of intent with the two companies on assessing shipment of green CO₂ from a biomass facility in Eemshaven for offshore storage beneath the Dutch North Sea.

NoordKaap will examine the potential for a marine transport network service for carbon capture and storage (CCS), with the aim of developing solutions that would enable large-scale and flexible CO₂ transport and storage from multiple industrial emitter clusters, where ship transport is the either primary or earliest available export option.

It would also examine opportunities for industrial clusters in Germany, Belgium, Scandinavia and northern France, providing access to CO₂ subsurface storage sites offshore the Netherlands and Norway.

Groningen Seaport, KNCC, Vopak and Return Carbon are supporting the development, which could be operational in 2028.

Lex de Groot, managing director of Neptune Energy in the Netherlands, said, “Both emitters and storage providers need to be able to transport CO₂ safely, and we know access to pipelines will be limited for some, so we are focusing on both types of transport to offshore storage facilities: piping and shipping. CCS also supports Neptune’s strategy to store more carbon than is emitted from our operations and from the oil and gas products we sell by 2030.”

CapeOmega CEO Evy Glørstad added, “NoordKaap would enable us to use our position and experience in pipeline, terminal, shipping and offshore license ownership to support CCS and decarbonization.”

02.22.2023