Air Liquide, Fluxys, To Receive EU Funding for CO2 Export Hub at Antwerp Port
12 December 2022 - 10:43PM
Dow Jones News
By Pierre Bertrand
Air Liquide SA on Monday said that it, Fluxys Belgium SA and the
Port of Antwerp-Bruges, have won European Union funding to build a
carbon dioxide export hub for permanent offshore storage.
The EU's 144.6 million euros ($152.3 million) in funding from
the Connecting Europe Facility for Energy program will go toward
building a shared liquefaction and export terminal, including a CO2
liquefaction unit, storage and marine loading facilities at the
port, the French industrial gases company said.
"The grant award is a major step towards the final investment
decision, expected in 2023," the company said.
Air Liquide and Belgian natural gas transport company, Fluxys,
intend to form a joint venture to build and operate the CO2
liquefaction and export terminal, Air Liquide said.
The export hub will have an initial export capacity of 2.5
million metric tons a year with the ambition to reach 10 million
tons by 2030, the company said.
The project is part of a larger initiative involving BASF SE,
Borealis AG, Exxon Mobil Corp., Ineos Group Holdings SA and
TotalEnergies SE to halve the CO2 emissions in the Antwerp port
area by 2030, Air Liquide said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
December 12, 2022 06:28 ET (11:28 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Air Liquide (EU:AI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Air Liquide (EU:AI)
Historical Stock Chart
From Nov 2023 to Nov 2024
