EU supports Antwerp@C innovative CO2 reduction project by granting CEF funding

EU supports Antwerp@C innovative CO2 reduction project by granting CEF funding

Port of Antwerp brought seven leading chemical and energy companies together at the end of 2019 to investigate the technical and economic feasibility of building CO2 infrastructure in the port of Antwerp. The consortium consists of Air Liquide, BASF, Borealis, ExxonMobil, INEOS, Fluxys, Port of Antwerp and Total. With the project entitled Antwerp@C the partners aim to keep CO2 out of the atmosphere and as such to make a significant contribution towards the climate objectives, thanks to applications for capturing and utilizing or storing CO2, all within a relatively short time span and at reasonable costs. The consortium is happy to announce that two applications for EU funding, submitted by Air Liquide, Fluxys, Total and Port of Antwerp to carry out studies for a liquid CO2 Export Terminal, a CO2 backbone within the Port of Antwerp and a CO2 cross border pipeline to connect to the Netherlands, were approved. With this financial support, Antwerp@C reaches a new milestone and can engage one step further. The consortium is strengthened in its ambition to reduce the CO2 emissions within the port (18.65 million tons of greenhouse gas emissions in 2017) potentially by half between now and 2030.

EU support: an important milestone

The partners of Antwerp@C are delighted that a Connecting Europe Facility (CEF) grant is awarded to the project to pursue detailed studies, since broad support – especially financial support – by the EU, the Belgian Federal Government and the Flemish Government is essential to ensure the success of the project. Antwerp@C is pursuing two pathways for cross-border CO2 transport infrastructure, one for transport via an onshore pipeline to Rotterdam and one for transport by ship to North-West Europe. Two subsidies for detailed studies – concerning an amount of circa € 9 million are now granted under the European funding program for Trans-European Energy Networks, CEF.

This CEF award is a positive step to support CCS as a CO2 abatement technology for the industry in the Port of Antwerp. In addition to this first step, a number of expression of interest applications are currently being prepared by the consortium partners for submission under the European Innovation Fund that will be a key enabler to support the development of the entire CCS value chain from capture to storage.

Port of Antwerp, a carbon capture pioneer

Port of Antwerp is home to the largest integrated energy and chemicals cluster in Europe. This makes it the ideal location to set up new, cross-border collaboration projects for innovative CO2 reduction. To this end, Air Liquide, BASF, Borealis, ExxonMobil, INEOS, Fluxys, Port of Antwerp and Total joined forces at the end of 2019 under the name of Antwerp@C, to investigate the technical and economic feasibility of building CO2 infrastructure to support future CCUS (Carbon Capture Utilisation & Storage) applications. Carbon Capture & Storage (CCS) and eventually also Carbon Capture & Utilisation (CCU) – i.e. reusing CO2 as a raw material for the chemical industry – are seen as important routes in the transition to a carbon-neutral port. This innovative cross-border CCUS project would be among the first and world’s largest multimodal open access CO2 export infrastructure.

Jacques Vandermeiren, CEO Port of Antwerp: “The time is now to make the transition towards a carbon neutral economy. Europe leads the way on a global stage. With Antwerp@C, the port of Antwerp has the key to realize an innovative cross-border CCUS-project, a first of a kind in its concept and scale. We are proud to receive the necessary financial support for the study phase, as this project will contribute to the Flemish, Belgian and European climate goals and to the increased EU 2030 targets for emission reduction to at least 55%.”

For more information about this press release:

Frederik Pieters, +32 486 090881, frederik.pieters@basf.com

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Fact sheet - Antwerp@C - UK.pdf 694 KB

 

About Port of Antwerp

As Europe's second-largest port, the Port of Antwerp is a major lifeline for the Belgian economy: more than 300 line services to over 800 destinations ensure global connectivity. The Port of Antwerp annually handles around 238 million tonnes of international maritime freight, and is home to Europe's largest integrated chemical cluster. The Port of Antwerp accounts, directly and indirectly, for a total of around 143.000 jobs and more than €20 billion added value.  

True to its mission 'a home port vital for a sustainable future’, Antwerp Port Authority aims to flexibly respond to a rapidly evolving maritime market, allowing the port to continue playing its role as a leading world port. The emphasis in this respect is on cooperation, adaptability, a strong focus on innovation and digitisation, and on sustainable added value, as well as on responsibility towards society. 

Antwerp Port Authority is a limited liability company of public law, with the City of Antwerp as sole shareholder. It employs over 1.600 people. Port alderman Annick De Ridder is chairman of the Board of Directors and Jacques Vandermeiren is CEO and President of the Executive Committee, which is responsible for the day-to-day management. www.portofantwerp.com  

The telephone number +32 492 15 41 39 is only for press inquiries. For other questions you can mail to communicatie@portofantwerp.com

Port of Antwerp
Havenhuis
Zaha Hadidplein 1
2030 Antwerp
Belgium