CapeOmega and Neptune Energy today announced NoordKaap, a project concept for a cross-border CO₂ storage solution for industrial emitters across Europe. NoordKaap would involve transporting CO₂ via vessels suitable for both directly injecting the CO₂ at offshore locations and for terminal offloading. RWE has signed a Letter of Intent with both CapeOmega and Neptune Energy in order to assess the possibility to ship green CO₂ from their biomass Eemshaven facility for offshore storage in the Dutch North Sea.

NoordKaap will examine the potential for a network-based approach to Carbon Capture & Storage (CCS) via marine transport, and could make a crucial contribution to Dutch, Norwegian and European climate and energy goals. The overall objective of NoordKaap is to provide cost-effective, scalable infrastructure solutions to facilitate large-scale, flexible CO₂ transport and storage from multiple industrial emitters’ clusters.

NoordKaap aims to offer CCS solutions to industrial clusters where ship transport is the primary or earliest available export option. The project will also examine opportunities for industrial clusters in Germany, Belgium, Scandinavia and northern France. It would provide access to CO₂ subsurface storage sites offshore the Netherlands and Norway. NoordKaap is supported by partners Groningen Seaport, KNCC, Vopak New Energy and Return Carbon.

NoordKaap is planned to be operational in 2028 and has been submitted to the EU as a Project of Mutual Interest on the 6^th PCI List¹.

Evy Glørstad, CEO CapeOmega AS: “NoordKaap comprises an integrated partnership of all stakeholders in the value-chain, from emitters to storage facility owners, to ensure close coordination of these proposals, as part of the development of a successful decarbonization strategy. CapeOmega aims to support the value-chain with the infrastructure needed to safely and successfully transport and store CO₂. NoordKaap would enable us to use our position and experience in pipeline, terminal, shipping and offshore licence ownership to support CCS and decarbonisation.”

Lex de Groot, Managing Director of Neptune Energy in the Netherlands: “CO₂ storage is a crucial component in meeting the EU's climate goals and for a well-functioning CCS market, and both emitters and storage providers need to be able to transport CO₂ safely. We know access to pipelines will be limited for some, so we are focusing on both types of transport to offshore storage facilities: piping and shipping. CCS also supports Neptune’s strategy to store more carbon than is emitted from our operations and from the oil and gas products we sell by 2030.”