MADRID (ICIS) – BASF and Air Liquide will receive EU funding for a joint carbon capture and storage (CCS) project at the petrochemical hub in Antwerp, the two companies said on Monday.
The German chemicals major and the French industrial gas producer said the project would be “the largest cross-border CCS value chain in the world.”
Start-up is scheduled for 2025, and over the 10 years of the project’s operation, it would capture and store 14.2 million tonnes of CO2, halving emissions at BASF’s Antwerp site, the companies said. .
The project, called Kairos @ C, will receive a grant from the European Innovation Fund, although financial details were not disclosed.
BASF and Air Liquide had not responded to a request for comment at the time of writing.
The EU said the large-scale CO2 capture facility project would be a “one-of-a-kind multi-feed system,” which would optimize and integrate CO2 capture and purification from five production units. BASF different in Antwerp.
The five project facilities would be two hydrogen plants, two ethylene oxide (EO) plants and an ammonia plant.
“Kairos @ C will use the services of the Antwerp @ C consortium, which is developing a multimodal infrastructure to transport CO2 to several permanent storage sites around the North Sea. Unique energy efficient liquefaction technology will be deployed, ”said the EU.
“Liquid CO2 ships, the first of their kind, will be designed and built within the project deadlines for transport to storage sites. The CO2 storage will take place in storage sites in the North Sea (Norway, the Netherlands and / or the United Kingdom).
The European Innovation Fund promotes innovative low-carbon technologies to decarbonise the EU economy; receiving its funding is an “essential step in making a final investment decision. [FID]And the start of the project, said BASF and Air Liquide.
The EU’s Green Deal aims to achieve net zero emissions by 2050, in line with the Paris Agreement targets to slow the rate of global warming.
“In addition to combining large-scale capture, liquefaction, transport and storage of CO2 in the North Sea, the project includes several innovative technologies,” the companies said.
“In particular, to capture CO2 from production plants… The project will also be connected to shared CO2 transport and export infrastructure, including a unique CO2 liquefaction and export terminal.
BASF CEO Martin Brudermuller reiterated the company’s goal of reducing its CO2 emissions by 25% by 2030 compared to 2018 and achieving zero net CO2 emissions by 2050.
“Particularly for the BASF Verbund site in Antwerp, due to its privileged location in the port of Antwerp with direct access to the sea, the CCS is an attractive solution to reduce CO2 emissions from production processes at home. ‘industrial scale in a relatively short time,’ added Brudermuller.