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EU CO2 Storage Solutions by Oil and Gas Producers

Sector: Oil and Gas • Location: European Union

Source: European Climate Change Programme

Project
Planned

The European Commission has adopted regulations requiring 44 EU oil and gas companies to provide new CO2 storage solutions by 2030. These companies must contribute to achieving the EU's target of 50 million tonnes of annual CO2 injection capacity into geological storage sites, as part of the Net-Zero Industry Act. The projects aim to accelerate industrial carbon management and decarbonize hard-to-

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The project “EU CO2 Storage Solutions by Oil and Gas Producers” is an infrastructure initiative in the Oil and Gas sector, located in European Union. Taiyo aggregates data on it from European Climate Change Programme.

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Participants

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Status

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Planned

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Description

Description

The European Commission has adopted regulations requiring 44 EU oil and gas companies to provide new CO2 storage solutions by 2030. These companies must contribute to achieving the EU's target of 50 million tonnes of annual CO2 injection capacity into geological storage sites, as part of the Net-Zero Industry Act. The projects aim to accelerate industrial carbon management and decarbonize hard-to-abate industries across Europe.

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Source

Source reliability

High

Data quality score

100%

Source

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More Details

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