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The CCS Baltic Consortium was formed in 2022 with the purpose to create a CCS value chain in Lithuania and Latvia, which would include capture of CO2, generated in the industrial sector, with particular focus on the hard-to abate sector, transferring captured CO2 from industrial sources to the terminal and its transportation to permanent storage sites, in the North Sea. The Baltic States currently do not have CO2 transport and sequestration infrastructure and stay one of the last coastal territories in Europe where this kind of system has not been developed yet. Currently, underground CO2 storage is prohibited in Lithuania, as well as in neighbouring Poland and Latvia. Therefore, CCS can become an important option for companies in these countries facing challenges to achieve their decarbonization goals.
The Project has been granted the Project of Common Interest (PCI) status by the European Commission, recognising this CCS cross-border project of great importance which will significantly contribute to the implementation of the energy policy and climate goals of the EU.
First phase of the project
At present, the project partners are conducting comprehensive technical and commercial studies across the entire value chain. These efforts are focused on identifying the most effective and efficient COâ‚‚ capture technologies, estimating the costs associated with onshore transportation, and assessing various sequestration sites to determine which would provide the greatest economic value for the project. The team is carefully evaluating all factors, including environmental impact, logistical feasibility, and long-term financial sustainability, to ensure the optimal choice for each stage of the process. To fully prepare for the pipeline development as a key onshore transportation solution, collaboration with the Lithuanian and Latvian gas TSOs (Amber Grid and Conexus Baltic Grid) has been established.
The final investment project is planned to be prepared in the end of 2027 and CO2 capture and export operations are expected in 2030.
