Published by Todd Bush on November 27, 2024
A €2.0M (US$2.1M) investment aims to advance carbon capture technology for emissions reduction and sustainable practices in the Port of Rotterdam
The Energy Transition Fund Rotterdam (ETF-R) has committed €2M to drive innovative carbon capture developments in the Port of Rotterdam. The investment focuses on expanding the capabilities of a carbon offloading and processing hub, designed to enhance emissions reduction across the maritime sector.
The project, spearheaded by Rotterdam-based Value Group, incorporates a hybrid CO2 capture and exhaust cleaning system, known as Filtree. This technology captures and stores CO2 while also removing sulphur, particulate matter, and oil residues from ships’ exhaust and washing water.
>> In Other News: Key Takeaways from COP29: Climate Finance, Carbon Markets, and Energy Transition Challenges
Maarten Lodewijks, co-founder and director of Value Group, noted, “With InnovationQuarter as a new shareholder, Value Group gains a strong strategic partner to accelerate the development of our Value Hub in Rotterdam for CO2 offloading and processing.”
The Value Hub, supported by ETF-R’s funding and InnovationQuarter, is intended as a blueprint for future carbon capture facilities. A parallel pilot programme demonstrates the system’s potential by using captured CO2 in greenhouses to enhance agricultural productivity.
According to Reinaud Struycken, senior investment manager at ETF-R, the technology exemplifies the potential for sustainable solutions across industries. “Their innovative ‘catch & release’ technology perfectly aligns with our vision for a cleaner and more sustainable Rotterdam,” he said.
The development of the Value Hub signals a major step in advancing the CO2 value chain by integrating capture, storage, and reuse within a single operational framework. Unlike other industry efforts, which often focus solely on sequestration or limited recycling capabilities, this approach bridges maritime emissions reduction with land-based applications such as agriculture.
By creating a closed-loop system, the Value Hub contributes to a broader decarbonisation strategy, setting a benchmark for other sectors looking to implement scalable and efficient carbon management solutions.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌱 Liferaft Announces a 10-Year, 1 Million Carbon Removal Units Offtake Agreement with Microsoft 🏭 ExxonMobil Fires Up Second CCS Hub in Louisiana with NG3 🚢 Powering Global Marit...
Inside This Issue 🍺 AirCapture And Almanac Beer Co. Launch World’s First Commercial Beer Carbonated With Co2 Captured From The Atmosphere With Direct Air Capture 🌱 Boeing Signs Record Carbon Remov...
Inside This Issue 🚢 Viking Announces Float Out of the World's First Hydrogen-Powered Cruise Ship 🏗️ Aker Solutions Wins FEED Contract for CO₂ Terminal in Lithuania 🧪 Woodside Delays Blue Ammonia P...
Supply Agreements Between Topsoe And First Ammonia Not Extended
Topsoe and First Ammonia have worked together since 2022. In 2024, the companies signed supply and service agreements for 100 MW of SOEC electrolyzer modules to be installed in First Ammonia’s gree...
Sungrow Hydrogen Powers Global Green Transition With New Project Shipments Across Three Continents
Sungrow Hydrogen has achieved a major accomplishment in its global engagement with the back-to-back shipment of its flexible green hydrogen systems to Oman, Italy and Brazil—spanning Asia, Europe, ...
Aurora Hydrogen Secures $3 Million Investment From Oldendorff Overseas Investments
Deal Advances Commercialization and Hydrogen Use for Maritime Applications Aurora Hydrogen (“Aurora”), a clean hydrogen technology company developing a modular and scalable microwave-driven methan...
Biomethanol from Shanghai Electric's Taonan project has been successfully bunkered onto the container vessel CMA CGM OSMIUM at Shanghai's Yangshan Port this month. The operation marks the first lar...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.