SDE++ Subsidy Fund for CCS projects
The SDE++ is an operating subsidy that lasts 15 years for CCS projects and bridges the cost gap between production without CCS and production with CCS.
As part of the SDE++ 2021 funding round, the Dutch government confirmed it allocated EUR 2.1 billion (USD 2.56 billion) in grant money for the four customers of the Pothos CCS project: Air Liquide, Air Products, ExxonMobil and Shell. The Porthos project aims to capture and store carbon emissions from Rotterdam Port as a joint venture between the Port of Rotterdam Authority, Gasunie, and EBN, along with Porthos’ customers.
A budget of EUR 13 billion is available for SDE++ 2022 funding, up from EUR 5 billion in 2021 and EUR 5 billion in 2020.
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