This week, Yara signed an agreement on this with the joint venture Northern Lights CO₂ Transport and Storage and the Dutch Ministry of Economic Affairs and Climate. The liquid CO₂ will be shipped to Norway and from there transported by pipeline to its final destination under the North Sea bed. Norway already has extensive experience with Carbon Capture & Storage (CCS) under the sea.
With total emissions of around 3.2 million tonnes of CO₂ per year (1.8 million tonnes directly and 1.4 million tonnes indirectly, through its products), Yara is one of the largest industrial polluters in the Netherlands.
According to Yara itself, annual exports of CO₂ are roughly equivalent to half a percent of the Netherlands’ total CO₂ emissions in 2022. The operation will start in 2025 and then continue for 15 years. In that total period, the company expects to remove 12 megatonnes of CO₂ from Sluiskil.
Modifying the Sluiskil plant to liquefy the CO₂ requires an investment of €194 million. The Dutch state is contributing €30 million in subsidies to cover financial risks, with a repayment obligation.
Image: Aerovista Luchtfotografie/Shutterstock
