FEED contract awarded for new CO2 transshipment terminal in Lithuania

Aker Solutions expects the planned transshipment terminal in Klaipėda will have a capacity of approximately 2.8 million tonnes of CO₂ per year.

The terminal will receive CO₂ from industrial sources in Lithuania and Latvia, as well as across the wider Baltic region, for temporary storage before being transported by ship to long-term geological storage sites located beneath the seabed in the North Sea.

Aker Solutions said that, as part of the FEED, it will build upon findings from previous phase technical evaluations to further refine the technical design specification of the planned infrastructure as well as evaluate potential expansion routes for the development.

Editor's note: CO₂ terminal projects, particularly those in Europe and the United States, have been widely criticised for being heavily subsidised, with some projects even receiving financing of 50 per cent or greater from the governments of the countries in which they are located.