Description of the project
Start date
1st January 2024
Duration
48 month
Funding
35.696.960,00
Grant Agreement
N. 101136217
About COREu
COREu is the largest research and innovation project in the field of carbon capture and storage (CCS) funded by a European programme with the aim of accelerating the transition to a low-carbon future by aiming more specifically for a reduction of 6.8 Mt/year of CO2 by 2035 and 36 Mt/year by 2050. This is achieved by demonstrating key technologies for the entire CCS value chain in Europe. The project aims to develop new demonstration projects connecting CO2 sources with potential storage sites.
Context
The project is based on the basic concept of CCS, that is, the process of capturing waste carbon dioxide directly from the atmosphere or from the production of energy or industrial plants and its subsequent transport to sites for the next use or in geological formations for storage.
Vision & Mission
Our vision is accelerating the deployment of CCS at gigatonne scale for net-zero emissions by 2050.
Our mission is to form support organizations and sustainability journey, demonstrate disruptive technologies and generate new impactful ideas felt through the supply chain to the consumer.
Impact
COREu will contribute to 6.8 Mt/yr in CO2 reduction by 2035 and 36 Mt/yr by 2050 in order to support the net zero emission goal.
COREu will develop 8 innovations for measurement, monitoring and verification (MMV), interoperability and value chain monitoring.
COREu will mprove the internal rate of return of CO2 infrastructure investment by 6% through de-risking core technologies.
Objectives
COREu aims to establish an openly accessible, cross-border infrastructure and logistics network for CCS, connecting emitters and storage sites across Europe. Its objectives include:
Accelerate CCS deployment by demonstrating safe and effective CO2 transport and storage.
Increase the TRL of the CCS technologies developed.
Define economically viable, societal-and-environmentally-aware business models for a sustainable upscaling of the deployment of CCS.
Develop improved CO2 stream specifications for the demo, facilitating open-access transport, by targeted analysis and experiments.
Provide experimental data, new methods and tools for safe design and risk assessment of CO2 transport.
Provide experimental data and develop tools to de-risk and optimize CO2 storage.
Support the deployment of multimodal, open-access CO2 transport by experimental data, validated models and engineering design.
Facilitate the safe operations of, and enable revenues and credits allocation in, CO2 transportation networks by by advancing metering and analysis technologies.
Develop a standard methodology for strengthening social acceptance of CCS technologies.
Monitor, prevent and reduce the environmental impact of transport and storage deployment.
Contribute to create a positive momentum for CCS across E, by mobilizing impacting stakeholders (beyond consortium) & offering an innovative setting for collaborative engagement, resulting in accelerated deployment of safe, sustainable and resilient CCS routes in Europe.