Neptune, CapeOmega unveil new cross-border CO2 project

London-based Neptune Energy and Oslo-based CapeOmega unveiled on February 22 a new cross-border CO2 transport storage project which they said would help industrial emitters across Europe decarbonise.

Known as NoordKaap, the project would involve transporting CO2 via vessels suitable for directly injecting the gas at offshore locations and for terminal offloading. German energy firm RWE has signed a letter of intent with the partners to assess whether green CO2 can be shipped from its biomass Eemshaven facility for storage in the Dutch North Sea.

NoordKaap could make "a crucial contribution to Dutch, Norwegian and European climate and energy goals," Neptune said. It could also help industrial clusters in Germany, Belgium, Scandinavia and northern France decarbonise. It will provide access to CO2 storage sites off the coasts of both the Netherlands and Norway.

The project is backed by partners Groningen Seaport, KNCC, Vopak and Return Carbon. It is due to be operational in 2028, and has been submitted to the EU as a project of common interest.