Major UK and European ports will ship captured CO2 to permanent storage sites in the North Sea, helping to cut industrial emissions.
New agreements will see LBC Tank Terminals, Associated British Ports (ABP), North Sea Port and Denmark’s Port of Esbjerg collaborate to develop carbon capture and storage (CCS) terminals and a shipping corridor linking north-western Europe with the UK. The aim is to provide scalable solutions that help decarbonise heavy industry.
Shipping is emerging as a key element of CO2 transport. According to S&P Global, shipping volumes of CO2 could reach tens to hundreds of millions of tonnes a year by 2050.
Captured carbon from industrial processes is transported to a port where it is liquefied and stored in dedicated handling terminals. It is then shipped over long distances for permanent sequestration or utilisation. It is seen as more economically viable than building pipelines.
ABP, the largest port operator in the UK, said it already has planning approval...