The Dutch government invites oil giants to join the subsea carbon storage plan

According to a report from World Petroleum in London on May 17, the Dutch government has informed the business combination including Royal Dutch Shell and Exxon Mobil that it will spend up to 2.

This project in the Port of Rotterdam can store approximately 2.

The Port of Rotterdam produced 22.

The integrated approach is to integrate multiple facilities into a single network.

Although these funds have been used to accelerate the adoption of climate-friendly technologies, in the past decade, carbon capture projects have received only a small part of the funds invested by governments in the fields of renewable energy, electric vehicles or batteries.

Poppe said: "The government has made it clear to the four companies that want to participate in this project that the government will fill the gap between the carbon emissions trading system and the actual cost of the project.

Qiu Yin excerpted from World Petroleum

The original text is as follows:

Dutch government invites Shell, Exxon to join $2.

　　The Dutch government has told a consortium of companies including Royal Dutch Shell Plc and Exxon Mobil Corp.

　　The project at the Port of Rotterdam could sequester about 2.

　　Rotterdam port generated 22.

　　The hub approach, where multiple facilities feed into a single network, is an increasingly popular way to share the costs of establishing a carbon storage facility and boost the number of polluters that can use it.

　　While such funding has been used to accelerate the adoption of climate-friendly technologies, carbon-capture projects have received only a tiny fraction of what governments have poured into renewables, electric cars or batteries over the past decade.

　　"The government has made it clear to the four companies that want to be a part of this project," Poppe said.