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L10CCS connected to North Sea CO2 transport and storage project, with CO2 storage and transport system license.
Project L10CCS is one of the large stores connected to Aramis' CO₂ transport and storage initiative in the Dutch part of the North Sea. Now, it has entered the next phase of the project, Front End Engineering Design (FEED).
Neptune Energy and its partners EBN, Tenaz Energy and ExxonMobil Netherlands CCS have successfully advanced the L10CCS Project from the concept selection phase, which includes several technical and economic assessments, to the next definition/feedback phase. This progress demonstrates the commitment of the parties involved with the contractual agreements signed and with the evolution of the CO₂ storage project in the region. FEED contract
Details of the Dutch CO₂ Storage Project
The L10CCS Project aims to store 5 million tonnes of CO₂ annually, which is equivalent to approximately one third of the total CO2 emissions from Dutch vehicles in a year. This CO2 storage project is part of a transport and storage of CO2 that involves several partners. They all signed a FEED Cooperation Agreement and Neptune granted the FEED contract of Installations to Petrofac, starting last month. This is a significant milestone in advancing the project.
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Progress of the L10CCS Project Process and Contractual Agreements
O license application storage capacity for the L10CCS has been submitted in Q2023 XNUMX and is awaiting grant of license by the Dutch Ministry of Economic Affairs and Climate Policy. At the same time, talks are underway with emitters, who are looking for a safe place to store their carbon in depleted gas fields under the North Sea. During this phase of the project, the necessary contractual agreements will be signed, ensuring the progress of operations.
Technical Progress and Project Schedule
Completion of the technical aspects of the FEED is underway and scheduled for the second half of 2024. After this stage, a Final Investment Decision (FID) for the project is expected for the year 2025. The L10CCS schedule is fully aligned with the Aramis project, and the operational connection is planned to coincide with the opening of the CO2 transport system, now scheduled for 2028.
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carbon capture
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Source: AtCoMedia. Inc.
