Take: Gijsbrecht Gunter (Yara) over de businesscase van Nederlandse CO2 in de Noorse bodem
Take on a podcast episode from Studio Energie, originally published Tue, 08 Se. Listen: https://soundcloud.com/studio-energie/gijsbrecht-gunter-yara-over-de-businesscase-van-nederlandse-co2-in-de-noorse-bodem TL;DR First cross-border CCS chain in the world went live: 800 kt/yr CO2 from Yara Sluiskil shipped to Northern Lights in Norway, 15-year contract, ~12 Mt total. Yara’s site director admits on-record the project doesn’t pencil at current ETS (~€85/t); needs a premium plus avoided carbon costs to close. Netherlands scrapping its national CO2 surcharge on top of ETS actively worsens the business case for the front-runner — Gunter says the FID likely wouldn’t be taken today under current conditions. Useful concrete cost benchmark: RED III-compliant green hydrogen for their ammonia would imply ~€15,000 per ton CO2 avoided. Damning number, first time I’ve seen it stated this cleanly. CAPEX ~€200M on Yara’s side; contract with Northern Lights “a multiple” of that. Not disclosed further. Remco de Boer (Studio Energie) interviews Gijsbrecht Gunter, director at Yara Sluiskil, on opening day of the first cross-border CCS chain — Dutch ammonia CO2 liquefied, shipped 800 km, injected under the Norwegian seabed via Northern Lights. In Dutch. The conversation is unusually candid about the economics, which is why it’s worth an hour. ...