Joint Letter: Accelerating investments in CO2 infrastructure

IOGP Europe, together with Cefic, Cepi, CCSA, GIE and IFIEC Europe, has signed a joint letter on the subject of "Accelerating investments in CO2 infrastructure"

To allow EU industry to help achieve European climate objectives, the development and affordable access to CO2 capture, transport and storage infrastructure is vital. Developing a regulatory framework that contributes to minimising the cost for CCS across Europe will be of utmost importance for a successful carbon management strategy.

The Net-Zero Industry Act and the Industrial Carbon Management Strategy of the European Commission set clear CO2 storage targets for 2030, 2040 and 2050.

To achieve these targets, the co-signatories of this letter – representing biogenic and non-biogenic CO2 emitters, CO2 transport operators, CO2 storage operators and CO2 utilisation companies – call for action to build much-needed infrastructure and carbon capture facilities.

The co-signatories of this letter stand ready to enable CCUS technologies along the whole value chain, contribute to strengthening the competitiveness of our industry, provide clean and safe decarbonisation solutions, and unlock the potential for negative emissions.

The joint letter calls on the European Commission to:

• Enhance EU support for investments in CO2 infrastructure by making use of the Connecting Europe Facility (CEF), plus additional financing and de-risking instruments.
• Develop a regulatory framework that enables first movers and gives long-term investment certainty.
• Support right-size investments in CO2 infrastructure that align with future demand and contribute to reducing total (future) system costs.

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