Contributing to Net Zero, and beyond
ONE-Dyas continue to innovate, pursuing the developments of the North Sea natural gas with near-zero upstream emissions. At the same time, ONE-Dyas is exploring new possibilities – especially on CO₂ Storage as a means to support the decarbonisation of hard-to-abate industries.
The capture and permanent underground storage of CO₂ emissions can play a pivotal role in mitigating the release of greenhouse gases into the atmosphere. CCS is particularly relevant to tackling emissions in hard-to-abate industries. Combined with bio-energy generation or direct air capture technology, it can even generate negative CO2 emissions – which are required to balance unavoidable emissions.
Our CO₂ Storage site: Kompas
The depleted Q16-FA gas field will become Kompas’ CO₂ storage location. This gas field is located in the Q16 block of the Dutch part of the North Sea. The CO₂ stored here comes from onshore industries that are difficult to make sustainable. After capture, the CO₂ is transported by ship to the Kompas location in the North Sea. From there, the CO₂ is injected into the gas field under the seabed via an injection platform.
Would you like to know more about the project? Visit the Kompas project website:
Intergovernmental Panel on Climate Change (IPCC) and International Energy Agency (IEA) studies indicate that CO₂ storage at scale is essential to meeting climate neutrality targets. From a policy perspective, the EU Net Zero Industry Act highlights CCS as an essential technology. The Act sets a storage target of 50 Mt CO₂ per year by 2030, with gas and oil producers obliged to base their contributions on historical production. Additionally, the EU Commission released its Industrial Carbon Management Strategy outlining ambitious EU CO₂ storage goals for 2035, 2040, and 2050.
At the same time, the UK government’s objective to capture and store 20-30 Mt CO₂ annually by 2030 has been the catalyst for a surge of activity in the sector.
