LBC Tank Terminals, Associated British Ports, and North Sea Port have signed a memorandum of understanding to develop a carbon capture and storage (CCS) terminal and shipping corridor linking northwest Europe with the UK.
The agreement aims to enable captured CO2 from industrial regions to be transported by ship for permanent storage in the North Sea, supporting decarbonisation efforts in energy generation and heavy industry.
Netherlands-based tank storage company LBC Tank Terminals will provide infrastructure and operational expertise for temporary storage and shipment of CO2, while UK ports operator Associated British Ports will contribute storage capacity through its planned CCS terminal at the Port of Immingham, linked to the Viking CCS cluster.
North Sea Port said it will support the project through its industrial network and strategic location.
Henrik Pedersen, chief executive officer of ABP, said: “Ports have always been gateways for energy. Today, they are at the forefront of the energy transition… This is not just about reducing emissions – it’s about creating a new market for carbon shipping that will help Europe meet its climate goals and secure industrial competitiveness at pace.”
Cas König, chief executive officer of North Sea Port, said carbon shipping would provide “an essential additional and flexible link in the chain of industrial decarbonization”.
LBC said its terminal in Vlissingen would serve as a central hub for the proposed corridor.
