September 18, 2020

Energy consultancy Xodus Group has delivered a review into tariffs for a landmark Carbon Capture Utilisation and Storage (CCUS) project in the Netherlands.

The review for the Dutch Ministry of Economic Affairs and Climate Policy analysed proposed fees for the transport and storage requirements of the Porthos project – a joint venture between the Port of Rotterdam Authority, Gasunie and EBN – which seeks to transport CO2 from industry in the Port of Rotterdam to empty gas fields beneath the North Sea.

The study involved a top-down benchmarking analysis, where the project was compared to other planned CCUS developments globally with a focus on similar CCUS backbone suppliers. Xodus also recreated the Porthos design in its cost estimating software and database to arrive at an independent tariff estimate and range. The two approaches yielded similar transport and storage ‘best estimates’, of around 50 euros per tonne, encouragingly close to the figures calculated by Porthos. Read more…