Complex challenges
Aramis is a large-scale project that necessitates simultaneous investment decisions from multiple parties. This presents complex challenges, such as possible delays caused by inadequate coordination between subprojects and complications within the permitting process. Additionally, there is a concern regarding ‘utilisation risk’, where the capacity that is to be developed might not be yet fully utilised. Rising costs also present a challenge, as they can render transport and storage fees unaffordable for some companies, hindering their participation.
Public vs private measures
The task force explored potential solutions to these and other challenges and discussed the division of responsibilities between government and market parties. In this context, distinguishing between public and private measures is crucial. Public measures focus on government support for the value chain in line with its climate and industry policies. This might include expediting permitting procedures, supporting emitters that have committed themselves at an early stage and possibly covering the utilisation risk. Private measures involve actions that market parties can undertake independently, such as improving coordination between them and exploring options to make the system more affordable for industry.