Associated British Ports, LBC Tank Terminals, North Sea Port, and the Port of Esbjerg have signed two significant Memoranda of Understanding to study the potential of Carbon Capture and Storage shipping corridors between Northern Europe and the UK, as well as sharing experience and understanding of this new but crucial energy transition area.
The Memoranda of Understanding, one between ABP and LBC and North Sea Port and one between ABP and the Port of Esbjerg set the stage for collaborative efforts to develop shipping routes for captured carbon dioxide.
This new shipping market adds to the positioning of ports as key players in the green economy.
Henrik Pedersen, Chief Executive Officer of ABP, stated that this agreement is about building the infrastructure and partnerships needed to decarbonize industry and create new opportunities for sustainable growth.
The two MoUs will focus on:
- Designing port infrastructure for COâ‚‚ handling, storage and shipping
- Building a robust value chain for COâ‚‚ transport between ABP’s Humber ports and leading European ports and infrastructure asset owners
- Driving innovation and efficiencies in carbon capture, utilization, and storage related transportation
Cas König, CEO, North Sea Port, commented that by signing this MoU with ABP and LBC, we are taking a practical step to investigate a cross-border CO₂ corridor that connects emitters to certified storage in the North Sea.
Radboud Gordon, Group Business Development Director New Energies, LBC Tank Terminals, stated that by combining LBC’s operational expertise in safe and sustainable storage with the port capabilities of ABP and North Sea Port, it can be designed an efficient, scalable shipping corridor that connects European emitters to UK storage at pace, supporting a competitive, cross-border COâ‚‚ market.
