- The Launch Stores will store up to five megatonnes of CO₂ annually.
- The project is supported by the European Innovation Fund.
- Shell and TotalEnergies are repurposing depleted gas fields for CO₂ storage.
- The initiative aligns with EU climate targets for 2030 and 2050.
Project Overview
The European Innovation Fund is supporting the development of offshore CO₂ storage sites under the North Sea, known as Launch Stores. These sites are crucial for large-scale CO₂ storage, repurposing depleted gas fields to prevent CO₂ emissions from reaching the atmosphere.
Collaboration and Technology
Shell and TotalEnergies are collaborating on this initiative, utilizing Friction-Controlled Dual-Phase Injection to deliver CO₂ into the storage sites. This method ensures safe and secure storage by managing temperature and pressure changes during the injection process.
Capacity and Impact
The Launch Stores are designed to store up to five megatonnes of CO₂ annually, contributing significantly to Europe's climate targets for 2030 and 2050. The project enhances the CCS value chain and offers scalability for future expansion.
Funding and Development
Funding from the Innovation Fund is essential for the project's financial viability, allowing the repurposing of an existing gas platform and the construction of a new injection platform. This support prevents the financial burden from shifting to CO₂ emitters.
Collaboration and Trust
Successful collaboration between Shell and TotalEnergies was achieved through transparency and mutual trust, particularly during the funding application process. This cooperation has strengthened the partnership and improved project coordination.
