What is a Joint Development Agreement?
Porthos is making agreements with companies that are interested in supplying CO2. In the Joint Development Agreements (JDAs), Porthos and the companies agree to jointly work towards the conclusion of transport and storage contracts.
In the fall of 2019, Porthos has signed JDAs with four companies: Air Liquide, Air Products, ExxonMobil and Shell. Porthos committed to continue with the permit procedures and the technical preparation of the project. The companies committed to start with the permit procedures and prepare the design of their capture installation.
In the fall of 2020, the sequel to the first JDA was signed: JDA2. In this agreement, Porthos and the four aforementioned parties have agreed to keep working together towards the realisation of definite transport and storage contracts. Porthos and its four partners are expected to sign the definite transport and storage contracts before the summer of 2021.