Netherlands commits $726m for Aramis CCS as energy companies back off

The Dutch government will allocate $726m towards construction of Aramis CCS – the Netherlands’ largest carbon capture project – after energy companies Shell and TotalEnergies withdrew part of their planned funding.

Project partners Gasunie and Energie Beheer Nederland (EBN) will take greater control over development of the Aramis CO2 transport infrastructure, starting this month.

Shell and TotalEnergies will remain involved until the final investment decision, expected in 2026, but will focus mainly on the CO2 storage side for once the facility is built.