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Business 11 May 2021 | 7:00 AM

Dutch govt grants US$2.4bil subsidies to carbon storage project

AMSTERDAM: The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell and ExxonMobil around €2bil (US$2.4bil RM9.8bil) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world, according to the Port of Rotterdam.