ECOLOG, a company dedicated to Net Zero providing at scale and at speed CO2 shipping and terminal infrastructure, published on social media (LinkeIn) its lead to a workshop on cross border (outside of EEA) movement of CO2 at the Global CCS Institute members meeting held in Rotterdam.
"Last week ECOLOG led a workshop on cross border (outside of EEA) movement of CO2 at the Global CCS Institute members meeting in Rotterdam. ECOLOG was supported by Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA S.A.), TotalEnergies and Bruno Gerrits from the Global CCS Institute.
ECOLOG advocates the need for the European Commission and #DGCLIMA to amend the #EUETS and allow CO2 to be safely sequestered outside the #EU to accelerate, scale up and lower the cost of #CCS. The aim is to decarbonise our hard to abate sectors (vital industries to the EU member states) as fast as possible, at the lowest cost possible. #DGCLIMA should be indifferent where CO2 get sequestered as long as it follows acceptable standards. We need to stop the rapid deindustrialisation of Europe.
The policy restriction:
In accordance with Article 12(3a) of the ETS Directive, the exception to surrender allowances in case of CCS only applies when the emissions are stored in a facility with a permit in force in accordance with the CCS Directive. This is reflected in the CCS activities in Annex I of the ETS Directive, which refer to the capture, transport or storage “in a storage site permitted under Directive 2009/31/EC”. Under the CCS Directive, only storage facilities in in the EEA can obtain a permit. Thus, storage outside the EEA cannot comply with the requirements of Article 12(3a).
This issue is more profound in the EU Mediterranean where 280 mtpa of industrial CO2 needs to be decarbonised and very limited sequestration capacity is being developed. Why not open up access to North Africa, countries like #Egypt have significant potential capacity for sequestration, can reuse oil and gas assets and have a deep skills base in oil and gas.
Although Northern Europe is progressing well with sequestration capacity it would be equally wise for the EU and UK (Department for Energy Security and Net Zero) to put Brexit hard feelings to one side and allow cross border flows of CO2, especially Northern Spain and Northern France emitters can benefit from UK sequestration capacity being developed in the Irish Sea by companies such as Spirit Energy with the Morecombe Net Zero Cluster
Through Ecolog :"I would urge emitters to reach out to their EU ambassadors in Brussels, their national government and relationships at the EU Commission to propose amending the EU ETS. Also feel free to reach out to ECOLOG for an example white paper to use for this purpose, we can discuss ECOLOG #LCO2 #shipping and #CO2 #terminals offering at the same time! The beauty of shipping is that you are free to choose where you want to go (within EU ETS policy limits..... )".
Maritime transportation
It is reminded that a CCS value chain includes phases such as the gathering of CO2 emissions by the emitters, their transportation through pipes or other mediums (trucks, trains) to terminal stations and finally their maritime transportation to geological storage sites or other facilities for further usage and exploitation.
source: Ecolog LinkedIn
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