One of the large stores to be connected to the Aramis CO₂ transport and storage initiative in the Dutch part of the North Sea, L10CCS has entered the front-end engineering and design (FEED) phas.
Neptune Energy and its partners EBN, Tenaz Energy, and ExxonMobil Netherlands CCS have successfully progressed the L10CCS project from the concept select phase, which includes various technical and economic assessments, into this next FEED phase.
“CCS is expected to account for nearly 15% of the cumulative reduction in CO2 emissions in the EU, according to the IEA Sustainable Development Scenario,” said Lex de Groot, managing director of Neptune Energy in the Netherlands, the operator of L10CCS. “Without CO₂ storage,, it would not be possible to meet the climate goals. To create a well-functioning CCS market, both emitters and storage providers need CO₂ transport.”
L10CCS seeks to store 5 million tons of CO₂ annually, equivalent to a third of the total CO2 emissions from Dutch domestic vehicles in one year. All partners have signed a FEED cooperation agreement, and Neptune has awarded the facilities FEED contract to Petrofac, with the contract kicking off last month.
The storage license application for L10CCS was submitted in the second quarter of 2023. The project is awaiting award of the license by the Dutch Ministry of Economic Affairs and Climate Policy. Talks with emitters looking for a safe place to store their carbon in depleted gas fields under the North Sea are ongoing, and necessary contractual arrangements will be progressed during this project phase.
Completion of the technical FEED scopes is anticipated during the second half of 2024, with a view to progressing toward a project final investment decision (FID) shortly thereafter in 2025. The timeline of L10CCS is fully aligned with the Aramis project timeline and is planned to be connected and operational as of Day 1 of the opening of the CO2 transport system, now planned in 2028.