CO2 transport and storage deal agreed during state visit to Germany
Belgian gas system operator Fluxys has signed a cooperation agreement with two German companies to develop CO2 pipelines to storage sites in the North Sea. The companies announced the agreement during the Belgian state visit to Germany on Wednesday.
Fluxys had previously concluded an agreement with German oil and gas company Wintershall Dea to capture, transport and store CO2, thereby reducing emissions to meet climate targets. The plan is to store emissions from industry in southern Germany in the North Sea.
Open Grid Europe, a second German company, has now joined the project. It will be responsible for developing the infrastructure in Germany while Fluxys is responsible for the Belgian pipelines.
Fluxys’ ambition is to provide the capacity to transport 30 million tonnes of CO2 through its own infrastructure by 2030, said CEO Pascal De Buck, a member of the Belgian delegation to Germany led by King Philippe and Queen Mathilde.
“Southern Germany has a dynamic industry, and its decarbonisation will be essential to remain competitive,” said Mario Mehren, CEO of Wintershall Dea. “This is why we are pleased to have, alongside Fluxys, another strong partner with Open Grid Europe to build an infrastructure that ensures reliable transport of CO2 from this region to offshore storage sites.”
The Fluxys LNG terminal in Zeebrugge © PHOTO JOHN THYS / AFP