Splash247: Exolum takes stake in Amsterdam CO2 export terminal

Published by Splash247

European energy-infrastructure operator Exolum has acquired a minority stake in SeaSeaS Amsterdam, advancing plans for a multimodal CO2 export terminal at the Port of Amsterdam.

The proposed open-access facility is being designed to handle up to 3.5m tonnes of captured CO2 a year and is targeted to begin operations in 2030.

The terminal would receive liquefied CO2 by ship, rail, road and pipeline from industrial emitters in the Netherlands, Germany and other parts of inland Europe.

Cargo would then be aggregated at Amsterdam and exported by sea for permanent geological storage beneath the North Sea.

SeaSeaS is intended to provide access to carbon transport and storage infrastructure for industrial companies that do not have a direct pipeline connection to offshore storage sites.

Exolum said its investment would bring logistics, liquid-storage and terminal-operating expertise to the project as it moves through development.

The size and value of the minority stake were not disclosed.

The project aims to become Western Europe’s first open-access CO2 export terminal and would be capable of handling both biogenic and fossil-derived carbon dioxide.

Amsterdam’s inland waterway, rail, road and pipeline connections place the port within reach of industrial clusters across the Netherlands and Germany.

The terminal would initially export CO2 for permanent storage. In the longer term, captured carbon could also be supplied as a feedstock to industrial projects within the port area.

The acquisition gives Exolum another position in the emerging European carbon-logistics market alongside CO2 infrastructure projects in Spain and the UK.