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SDE++ Subsidy Fund for Porthos Project (CCS projects)

Last updated: 23 March 2022

On the 9th June 2021, the Dutch government confirmed it allocated 2.1 billion euros (USD 2.56 billion) in grant money for Porthos’ four customers: 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. 

 

The awarded grants come from the sustainable energy transition subsidy scheme (SDE++), which was set up to support projects that help reduce national carbon emissions. This funding is required to bridge the gap between the current rates for CO2 emission allowances (ETS) and the costs involved in carbon capture and storage (CCS).

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