There are still considerable natural gas reserves to be produced from the Dutch continental shelf.
Our installation will produce natural gas from small fields already explored but not sufficiently profitable to develop and produce at this moment, e.g. because they are too far away from a gas pipeline.
The field that we have selected for the first project, 'Cranberry', achieves a daily production of 800.000 m³ of natural gas for 25 years.
This requires a total of three production wells and three CO₂-injection wells.
Circular Energy doesn't need a gas pipeline because we produce power instead of gas.
Power is produced from natural gas at times when wind farms cannot produce. We increase utilization of offshore power cables.
Our responsive load following installation includes:
The CO₂ produced in the power plant is removed from the flue gases. The compressed CO₂ is injected in the gas reservoir.
CO₂ capture and storage makes our installation climate-neutral. Because of the CO₂ injection, the pressure in the reservoir declines much less than with classical gas production. Ths prevents soil residence and earthquakes.
The volume of CO₂ injected is the same as the volume of the natural gas produced. This guarantees sufficient storage capacity during the lifetime of the project.
Learn more about CO₂ injection? Click here for the presentation of Philip Ringrose.