The CCS Baltic Consortium has been awarded project funding under the Connecting Europe Facility (CEF) Energy program—an important step in developing carbon capture and storage (CCS) infrastructure in the Baltic region to help industries reduce CO₂ emissions and advance toward climate neutrality.
This essential EU financial aid will support commercial, technical, and environmental studies, helping to close the financial gap and accelerate progress toward the Final Investment Decision. The CEF support will also enhance the project team’s efforts to mature the entire CCS value chain.
“Decarbonizing industries is essential not only for achieving climate neutrality but also for maintaining competitiveness in an evolving energy market. The EU’s support for CCS, hydrogen, and offshore infrastructure signals a strong commitment to sustainable transformation, and projects like ours will play a key role in this shift,” says Rūta Tumėnienė, Head of New Energies at KN Energies.
With support from CEF Energy, the consortium — Akmenės Cementas, SCHWENK Latvija, Larvik Shipping AS, Mitsui O.S.K. Lines, and KN Energies — will:
🔹 Capture CO₂ from industrial sources in Lithuania and Latvia.
🔹 Transport it via onshore routes to a multimodal terminal in Klaipėda.
🔹 Ship it for permanent geological storage in the North Sea.
By 2030, the project aims to mitigate CO₂ emissions from hard-to-decarbonize industries, strengthening Europe’s integrated and sustainable energy future.
🔗 Learn more about project: https://ccs-baltic.eu/
🔗 Learn more about EU investment: https://lnkd.in/dQYtz-z9
