Connection

popular articles

Suzlon wins 551.25MW wind power project for Aditya Birla Group
Second FTC application for ConocoPhillips’ acquisition of Marathon Oil
PNE AG sells its US subsidiary to Lotus Infrastructure Partners
Green light for preparatory work on EPR2 reactors at Penly
Portugal: Akuo launches FruitPV agrivoltaic project

France to test CO2 storage in former oil wells in 2025

From 2025, France will be testing several CO2 storage projects in former oil fields, an initiative by the French Ministry of Industry to accelerate industrial decarbonization.
stockage CO2 France puits pétroliers

Please share:

Roland Lescure, French Minister for Industry, will unveil in Sens a call for expressions of interest from players in the hydrocarbon sector to submit CO2 storage projects. These projects could make use of former oil fields or gas aquifers, exploiting the potential that exists mainly in the Paris and Aquitaine basins.

National potential and storage targets

France, which produces 1% of the oil it consumes, has hydrocarbon concessions that could store around 800 million tonnes of CO2, covering the needs of French industry for fifty years. These storage sites are authorized to produce until 2040, thus aligning the national storage strategy with long-term decarbonization objectives.

Selection and implementation phase

Following the collection of proposals until July 26, a call for projects will be open until December. The selected sites will begin CO2 storage tests in early 2025. Four or five sites in France will be involved in this first wave of tests.

Economic viability and international competitiveness

The decision to store CO2 in France was motivated by the prohibitive cost of similar projects in the North Sea, led by Norway and Denmark. By locating storage in France, the Ministry estimates that it will be able to reduce transport and storage costs by two to three times compared with Nordic projects.

French industry, including fertilizer manufacturers, cement makers and chemists, is looking for solutions to capture the CO2 emitted. The Ministry stresses the importance of this technology in halving greenhouse gas emissions from industrial processes where no carbon-free alternative is available.

Register free of charge for uninterrupted access.

Publicite

Latest news

South Africa: C5 Capital and Sibanye-Stillwater Partner to Advance Nuclear Energy Innovation
Turkey Prepares IPOs to Modernize Its Public Energy Companies
Last Nuclear Waste Shipment: A Franco-German Commitment Fulfilled
Hungary Revises the Cost of Its Paks II Nuclear Project Upward
HoloSolis and its partners revive the French photovoltaic industry with an ambitious gigafactory

Recently published in

The EU Approves a Certification Framework for Carbon Capture

The European Council has approved a regulatory framework to certify carbon capture and storage activities, a significant milestone toward the EU's 2050 carbon neutrality target.
Indonesia and Japan: First Bilateral Mutual Recognition Agreement for Carbon Trading
Indonesia and Japan establish a historic collaboration for carbon credit trading under the Paris Agreement, enhancing transparency and international environmental standards.
en_1140451540
Indonesia and Japan: First Bilateral Mutual Recognition Agreement for Carbon Trading
Indonesia and Japan establish a historic collaboration for carbon credit trading under the Paris Agreement, enhancing transparency and international environmental standards.
en_1140451540
Saudi Arabia: Launch of a Carbon Credit Exchange to Support Decarbonization Efforts
Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.
en_1140404540
Saudi Arabia: Launch of a Carbon Credit Exchange to Support Decarbonization Efforts
Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.
en_1140404540
Occidental develops a CO₂ pipeline network in Southeast Texas
Occidental Petroleum, in partnership with Enterprise Products Partners, is setting up a CO₂ pipeline network in Southeast Texas to transport captured emissions, thus supporting carbon capture and storage projects in the Houston area.
en_1140184540
Occidental develops a CO₂ pipeline network in Southeast Texas
Occidental Petroleum, in partnership with Enterprise Products Partners, is setting up a CO₂ pipeline network in Southeast Texas to transport captured emissions, thus supporting carbon capture and storage projects in the Houston area.
en_1140184540

EUs CBAM: Limited Impact on Asian Voluntary Carbon Credits and Product Prices

The European Union's Carbon Border Adjustment Mechanism (CBAM) could have little effect on Asia’s voluntary carbon market and minimal impact on finished product prices, according to experts at the Asia Climate Summit.
The Asia-Pacific Faces Carbon Capture Challenges to Reduce Upstream Emissions
With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
en_1140143540
The Asia-Pacific Faces Carbon Capture Challenges to Reduce Upstream Emissions
With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
en_1140143540
France: Abandon of the Pycasso Project, a Contested Strategy for the Lacq Basin
The Pycasso project, aimed at storing CO2 to decarbonize industry in the Lacq Basin, has been abandoned. A lack of dialogue and risks to existing industries were key factors in this controversial decision.
en_1140141540
France: Abandon of the Pycasso Project, a Contested Strategy for the Lacq Basin
The Pycasso project, aimed at storing CO2 to decarbonize industry in the Lacq Basin, has been abandoned. A lack of dialogue and risks to existing industries were key factors in this controversial decision.
en_1140141540
Japan, future leader of captured CO2 trade in Asia-Pacific by 2050
Japan is projected to become the leading hub for captured carbon (CO2) trade in the Asia-Pacific region by 2050, according to Wood Mackenzie, with government investment and policy support being crucial to this goal.
en_114094540
Japan, future leader of captured CO2 trade in Asia-Pacific by 2050
Japan is projected to become the leading hub for captured carbon (CO2) trade in the Asia-Pacific region by 2050, according to Wood Mackenzie, with government investment and policy support being crucial to this goal.
en_114094540

Singapore Co-Funds Studies on Carbon Capture and Storage (CCS): A Step Towards Carbon Neutrality by 2050

Singapore is stepping up its efforts to achieve carbon neutrality by 2050 by co-funding feasibility studies on carbon capture and storage (CCS) in its power plants. This key project aims to reduce emissions while ensuring the country's energy security.
Malaysia Sets 2026 Carbon Tax, Reaffirms Decarbonization Goals in Budget 2025
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
en_114050540
Malaysia Sets 2026 Carbon Tax, Reaffirms Decarbonization Goals in Budget 2025
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
en_114050540
Strong growth of carbon capture and storage projects in 2024
Industrial carbon capture and storage (CCS) initiatives have seen significant growth in 2024, reaching 628 global projects. This expansion is supported by public policies and strengthened international collaboration.
en_1140880923540
Strong growth of carbon capture and storage projects in 2024
Industrial carbon capture and storage (CCS) initiatives have seen significant growth in 2024, reaching 628 global projects. This expansion is supported by public policies and strengthened international collaboration.
en_1140880923540
The UN Adopts Pioneering Standards to Accelerate the Voluntary Carbon Market
The body overseeing Article 6.4 of the Paris Agreement has adopted unprecedented standards for project methodologies and carbon removals, facilitating the operationalization of global voluntary carbon markets.
en_1140660799540
The UN Adopts Pioneering Standards to Accelerate the Voluntary Carbon Market
The body overseeing Article 6.4 of the Paris Agreement has adopted unprecedented standards for project methodologies and carbon removals, facilitating the operationalization of global voluntary carbon markets.
en_1140660799540

Ending Coal Use Through Carbon Credits?

A Rockefeller Foundation-led initiative aims to prematurely close coal-fired power plants in developing countries using carbon credits to reduce CO₂ emissions.
Multinational Corporations Increase Investments in China’s Carbon Market
Large international companies are intensifying their investments in Chinese carbon credits, attracted by the extension of the national system and the growth potential of new projects.
en_1140290926540
Multinational Corporations Increase Investments in China’s Carbon Market
Large international companies are intensifying their investments in Chinese carbon credits, attracted by the extension of the national system and the growth potential of new projects.
en_1140290926540
Sultan Al Jaber calls for ambitious NDCs before COP29
COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
Design sans titre-304
Sultan Al Jaber calls for ambitious NDCs before COP29
COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
Design sans titre-304
Norway inaugurates the first commercial underwater CO2 storage site
Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.
Design sans titre-299
Norway inaugurates the first commercial underwater CO2 storage site
Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.
Design sans titre-299

Five emerging countries dominate the voluntary carbon credits market

Colombia, Kenya, Cambodia, Mexico and Peru are the leaders in the voluntary carbon credit market, thanks to regulatory advances and investor-friendly policies.
Companies struggle to maintain their investments in decarbonization
Large companies are reducing their investments in decarbonization due to geopolitical tensions, although regulations and consumer expectations continue to push them towards better management of their emissions.
Design sans titre-197
Companies struggle to maintain their investments in decarbonization
Large companies are reducing their investments in decarbonization due to geopolitical tensions, although regulations and consumer expectations continue to push them towards better management of their emissions.
Design sans titre-197
Carbon capture projects must accelerate to achieve carbon neutrality
The development of carbon capture technologies is crucial to achieving decarbonization targets, but projects are not progressing fast enough according to experts.
Design sans titre-176
Carbon capture projects must accelerate to achieve carbon neutrality
The development of carbon capture technologies is crucial to achieving decarbonization targets, but projects are not progressing fast enough according to experts.
Design sans titre-176
60% of companies aim for carbon neutrality, but efforts deemed insufficient
More than half the world's companies are committed to carbon neutrality, but experts condemn the lack of concrete action to achieve this goal, despite ambitious announcements.
Design sans titre-172
60% of companies aim for carbon neutrality, but efforts deemed insufficient
More than half the world's companies are committed to carbon neutrality, but experts condemn the lack of concrete action to achieve this goal, despite ambitious announcements.
Design sans titre-172

Ukraine: Innovations optimize CO2 capture

Despite the war, Ukraine continues its industrial decarbonization efforts with innovations supported by EBRD and the EU. Pipes.one and Carbominer focus on manufacturing and agricultural efficiency through emission-reducing technologies.
Technologie Carbominer
Ørsted sells CO2 elimination credits to Equinor for ten years
Ørsted is committed to supplying 330,000 tonnes of CO2 removal credits to Equinor over a ten-year period, supporting its biomass carbon capture and storage projects.
Design sans titre-143
Ørsted sells CO2 elimination credits to Equinor for ten years
Ørsted is committed to supplying 330,000 tonnes of CO2 removal credits to Equinor over a ten-year period, supporting its biomass carbon capture and storage projects.
Design sans titre-143
Baker Hughes unveils CarbonEdge™, a CCUS project optimization platform
Baker Hughes launches CarbonEdge™, a digital platform for carbon capture, utilization and storage projects, facilitating risk management and regulatory monitoring.
TEMPLATE ENERGYNEWS(398)
Baker Hughes unveils CarbonEdge™, a CCUS project optimization platform
Baker Hughes launches CarbonEdge™, a digital platform for carbon capture, utilization and storage projects, facilitating risk management and regulatory monitoring.
TEMPLATE ENERGYNEWS(398)
Rising carbon prices in regulated markets, vagueness on voluntary markets
Regulated carbon markets saw their prices rise in August, while the voluntary market faced difficulties linked to the quality of credits and a lack of liquidity.
Design sans titre
Rising carbon prices in regulated markets, vagueness on voluntary markets
Regulated carbon markets saw their prices rise in August, while the voluntary market faced difficulties linked to the quality of credits and a lack of liquidity.
Design sans titre

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS