Fizzy Transition Ventures launches Carbon Collectors

On April 29th, in the midst of the COVID-19 crisis, Fizzy Transition Ventures launched its new company “Carbon Collectors” online, with its 10 team members and an interested audience of about 250 participants.

Watch the aftermovie here

With Carbon Collectors, we have the ambition to collect 6 million tonnes CO2 per year before 2030, from companies that cannot easily get rid of their CO2 in an acceptable way. The CO2 is then transported by ship to underground storage locations in the North Sea. According to plan, the first ship could sail in 2023. Shipyard Royal Niestern Sander and the shipping company Royal Wagenborg have been closely involved in the development of this concept by providing Carbon Collectors with substantive input when it comes to the design and possible exploitation of the vessel combinations. Furthermore, Imodco (offshore technology), Eindhoven-based Petrogas (gas systems) and the French Bureau Veritas (certification) each play a role in the Carbon Collectors consortium.

“Speed is crucial to contain climate change. However, not all industries have the technology to be able to sustainably reduce their CO2 emissions fast enough. And currently there is far too little demand for CO2 as a raw material,” he says. “Hopefully, this will change in the longer term. Then we can ship CO2 to companies that use it as raw material in products, or we can help companies elsewhere in the world, where CO2-emissions from industrial processes remain high.” “Ship transport offers flexibility compared to transport by pipelines. That also offers opportunities for industrial clusters and companies that are not located near a harbor with a planned CO2-pipeline.” Ludo van Hijfte, director of Carbon Collectors

In the Dutch North Sea, the total storage capacity is estimated at 1600 million tonnes CO2. In other countries, including Norway, Canada and the US, underground CO2 storage has been taking place safely for some time. Among others, the IPCC, the IEA and the Dutch PBL consider the capture and underground storage of CO2 to be a necessary measure to stay below a 1.5 degree temperature rise, in addition to measures to save energy, transition to renewable energy sources, adapt behavior patterns and industrial processes and strengthen the storage of CO2 in nature.