Baltic CCS Network Advances with Aker Solutions FEED Award

Why It Matters

The terminal creates the first cross‑border CCS hub in the Baltic, unlocking a new market for CO₂ transport and supporting the EU’s net‑zero agenda.

Key Takeaways

• Aker Solutions wins FEED for Klaipėda CO₂ terminal.
• Terminal capacity: 2.8 Mt CO₂ annually.
• Project co‑funded by EU Connecting Europe Facility.
• Operational target 2030, FID planned 2027.
• Over 100 staff from Norway, India, UK involved.

Pulse Analysis

The European Union has made carbon capture, utilisation and storage (CCUS) a cornerstone of its climate‑neutrality strategy, earmarking billions for projects that can demonstrably reduce industrial emissions. Within this framework, the CCS Baltic Consortium was created to build the first cross‑border CO₂ transport network linking Lithuania, Latvia and the wider Baltic region to offshore storage sites in the North Sea. Designating the Klaipėda transshipment terminal as a Project of Common Interest unlocks Connecting Europe Facility funding and signals political commitment to a regional decarbonisation corridor.

Aker Solutions, a Norwegian engineering leader, secured the front‑end engineering design (FEED) contract from KN Energies to refine the terminal’s technical specifications. The facility is slated to handle roughly 2.8 million tonnes of CO₂ per year, aggregating emissions from heavy industry, power generation and cement plants across the Baltic states. By consolidating CO₂ at Klaipėda before loading it onto specialised carriers, the project creates a flexible hub that can feed multiple offshore storage reservoirs beneath the North Sea, reducing transport costs and enabling scale‑up.

The FEED phase, scheduled for completion in Q3 2026, mobilises more than 100 engineers from Norway, India and the UK, underscoring the global talent pool required for large‑scale CCUS. A final investment decision is expected in 2027, with commercial operations targeted for 2030, positioning the terminal as an early revenue generator in a nascent market. Successful delivery will not only validate the economic viability of cross‑border CO₂ pipelines but also attract further private capital, accelerating the EU’s pathway to net‑zero emissions.