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CORDIS - EU research results
CORDIS

CO2 ROUTES ACROSS EUROPE

Project description

Confronting carbon emissions in Central-East Europe

As Central-East Europe contends with escalating carbon emissions, the region grapples with the urgent need for effective solutions to mitigate the environmental impact of industrial activities. Recognising this critical challenge, an EU-funded initiative steps forward to revolutionise Carbon Capture and Storage (CCS) in Central-East Europe. This project strategically addresses emissions and fosters innovative solutions, serving as a beacon of hope in the pursuit of a sustainable and resilient future. Specifically, it will develop an open-access, transnational network connecting emitters with storage sites, fostering a demand-driven investment rationale. By sharing knowledge and creating a common framework, COREu accelerates CCS deployment, contributing to a reduction of 6.8 Mt/year in CO2 by 2035 and an impressive 36 Mt/year by 2050.

Objective

COREu will demonstrate key enabling technologies in a CCS value chain and support the development of three new CCS routes in Central-East Europe (CEE), helping accelerate CCS development . COREu will (a) provide the means for development of an open-access, trans-national network (infrastructure and logistic) to connect emitters with storage sites in Europe, by identifying multimodal transport requirements, and developing emitters’ clusters to create the demand and the investment rationale, (b) increase the knowledge of the CCS value chain across Europe through interconnected initiatives, sharing of experience, knowledge and data to create a common framework that encompasses all key aspects of CCS deployment: technological know-how, business models, consensus management, monitoring, reporting and validation, policy framework, transport and storage safety. COREU will contribute to 6.8Mt/year in CO2 reduction by 2035 and 36Mt/year by 2050, develop 8 innovations for Measurement Monitoring Verification, interoperability and Value Chain Monitoring, and improve the Internal Rate of Return of CO2 infrastructure investment by 6% through de-risking core technologies.

Keywords

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Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

HORIZON-IA - HORIZON Innovation Actions

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) HORIZON-CL5-2023-D3-01

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Coordinator

SINTEF ENERGI AS
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 5 123 737,50
Address
Sem Saelandsveg 11
7465 Trondheim
Norway

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Region
Norge Trøndelag Trøndelag
Activity type
Research Organisations
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 5 123 737,50

Participants (40)

Partners (2)

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