• 2021 January 15 09:57

    Biggest Dutch project for CO2 reduction, Porthos, is on schedule

    Porthos, the project for CO2 capture and storage in Rotterdam, is on schedule to store an annual amount of 2.5 million tonnes of CO2 from the industry in empty gas fields beneath the North Sea as from 2024, Port of Rotterdam said in its release. By the end of last year, four companies registered for a total of €2 billion from the SDE++ scheme for the next 15 years. The final sum may be considerably lower, especially due to the rising price of emission rights (ETS) in the next 15 years. Capture and storage of CO2 (Carbon Capture and Storage, CCS) is one of the cheapest ways to meet the climate targets in the short term.

    Between 2008 and 2019, a total of approximately €4.5 billion in SDE funds was paid to many projects in the Netherlands. Because of these projects about 42 million tonnes of CO2 less has ended up in the atmosphere1. With even less than half the sum, the Porthos project will realise an almost equally big reduction: some 37 million tonnes of CO2 in a 15-year period. It is clear that CCS is the best way forward to make huge progress fast and relatively cheaply in meeting the climate targets. It is set out in the Dutch Climate Agreement that half of the industry’s CO2 reduction in 2030 will be achieved by CSS. As to the other half, the industry concentrates on efficiency, electrification, solar and wind farms, and green hydrogen. For many industry processes, however, there are not enough ways to reduce CO2 emissions drastically in the short term.

    It is expected that the subsidy will be granted to the four companies (Air Liquide, Air Products, ExxonMobil, and Shell) next spring. According to expectations, the permit procedures will be completed by late 2021. The companies will use 2021 especially to prepare for the construction of the capture plants. This year, the Porthos project organisation (EBN, Gasunie, Port of Rotterdam Authority) will be working on the technical preparations of laying pipes on land and on the sea bed, building the compressor station, and adjusting the platform at sea. The final investment decision for Porthos has been planned for 2022, after which the realisation can proceed.

    Major developments last year included submission of the Environmental Impact Assessment (EIA) and several permit applications, making arrangements between Porthos and the four companies that want to use the Porthos system, and the EU promise to contribute €102 million to the project.




2021 June 18

19:30 Royal IHC hands over the second cutter suction dredger to Suez Canal Authority
18:02 Consolidated cargo turnover of NCSP Group in 4M’2021 fell by 18.7% YoY
17:39 Safety management of Sparta IV complies with the ISM Code
17:15 Oboronlogistics' Sparta III allowed to sail in Northern Sea Route waters
16:47 Acceptance/delivery certificate signed for non-self-propelled suction hopper dredger of Project 4395 built for Kama Basin
16:14 BIMCO publishes new standalone Refund Guarantee for Shipbuilding Contracts
15:51 FESCO opened seasonal transportation to the ports of Chukotka
15:30 CMA CGM to enhance its BSMAR service connecting Black Sea & Turkey with Morocco
15:22 Production of Icon of the Seas began at Meyer Turku shipyard
14:56 Wärtsilä signs multiple vessel support agreement with Nakilat
14:53 Multipurpose Reloading Complex puts into operation two new 5-cbm clamshell buckets
14:17 Singapore: Seven start-up grant recipients announced at launch of Smart Port Challenge 2021
13:48 The Lepse floating maintenance base no longer poses a nuclear threat to the Arctic
13:21 GLDD agrees to $1 million fine
12:59 Rosatomflot organized icebreaker escorting of LNG carrier Nikolay Urvantsev
12:54 Stena RoRo takes delivery of the lengthened vessel Stena Scandica from the Turkish shipyard
12:30 CMA CGM announces Overweight Surcharge from Asia to North Europe
11:45 Number of lock through operations on Russia’s IWW rose by 2.81%
11:02 ATLAS A-CLASS new WTIV tailored for large-scale Wind Farm Installations
10:38 Glavgosexpertiza of Russia approves project of in-depth modernization of Onezhsky Shipyard
10:02 CMA CGM announces Hazardous Surcharge from Asia to North Europe
09:53 Port of Oakland posts results for Jan-May 2021
09:40 Baltic Dry Index as of June 17
09:24 Oil prices continue decreasing
09:07 MABUX: bunker indexes may decline on June 18
08:59 DNV launches new digital EEXI Calculator

2021 June 17

18:37 PD Ports commended with top ‘Gold’ award for ongoing commitment to health and safety
18:07 Maersk advises logistics planners on hurricane season preparation
17:40 Trials of innovative smart navigation marker at Stockholm Norvik Port
17:23 Remote surveys continue to gain momentum
17:16 Konecranes instills new Generation 6 mobile harbor cranes with a genetic code for the future
17:06 MABUX: Bunker Weekly Outlook, Week 24, 2021
16:55 Sovcomflot to pay dividends in the amount of RUB 6.67 per share
16:50 KARMOL's first Floating Storage and Regasification Unit has arrived in Dakar
16:48 GTT entrusted by Hyundai Heavy Industries with the tank design for four new LNG carriers
16:18 HEMEXPO President appointed as Vice-Chair of SEA Europe
15:13 10 consecutive months of positive year-over-year growth in Savannah
14:52 Grigory Zhelokovich appointed as General Director of Astrakhan Ship Repair Yard
14:33 Royal IHC carries out maintenance work for DMI on LCF frigates
14:13 On-shore power plant at Kiel's Ostseekai inaugurated
13:54 Volga Shipping Company completes transportation of equipment for windfarm under construction in Kazakhstan
13:33 MARINE INTERIORS, Cruise & Ferry Global Expo, powered by SMM 2021 cancelled
13:33 Kalmar’s new-generation RTGs ready to enable productive eco-efficiency for container terminals
13:12 DNV and Keppel Offshore & Marine sign collaboration agreement to develop hydrogen projects in Singapore
13:00 Russia’s State Duma passes bill on obligations of investors in seaports
12:11 Covenant Energy chooses Haldor Topsoe’s HydroFlex™ and H2bridge™ solution to produce renewable diesel with low carbon footprint
11:49 RF Navy’s frigate Admiral Makarov took part in a complex exercise in the Mediterranean Sea
11:30 Global Ship Lease announces agreement to acquire four ultra-high reefer containerships on multi-year charters
11:02 Konecranes launches new generation of energy-efficient mobile harbor cranes as global trade accelerates
10:57 Port of Salalah ranked 6th globally in efficiency
10:51 Oil market sees downward price correction
10:09 MABUX: bunker indexes may demonstrate upward changes on June 17.
09:53 Port of Riga sees timber handling growth
09:30 Baltic Dry Index as of June 16
09:12 Weathernews signs strategic partnership deal with Wärtsilä
08:09 New DNV research highlights 10 energy systems technologies that must work together to meet global decarbonization targets

2021 June 16

18:02 Brittany Ferries eyes zero-emission, sea-skimming ‘flying ferries’
17:41 Keel-laying ceremony held for lead icebreaking LNG carrier ordered by SCF from Zvezda for Arctic LNG 2
17:20 Port of Southampton boosts quayside infrastructure with new airbridge
16:42 Amphibious Energy and CORROSION join forces to launch the ICCP-POD