Please find attached the press release from CO2 Management AS, a 100% owned subsidiary ofPetrolia SE . CO2 Management AS has entered into a letter of intent with bremenportsGmbH & Co. KG , the port management group ofBremen / Bremerhaven, whereby the parties agree to work towards establishingGermany's first hub for CO2 handling.Germany isEurope's largest CO2 emitter. The hub will serve as a central element in the logistics involved in capturing CO2 at the factories, transporting it to the hub, transporting it by ship to permanent storage inNorth Sea reservoirs or other use. The letter of intent represents an important milestone for CO2 Management AS after working with this project several years and having recently concluded a techno-economic feasibility study on liquid CO2 handling, transport and interim storage aimed at decarbonising hard-to-abate industries through CCUS (Carbon Capture Utilisation and Storage). Additional years remain for planning, approval and construction of the necessary infrastructure before the hub can be put into operation. Limassol16 March 2022
Click here for more information
© Oslo Bors ASA, source