Port of Antwerp-Bruges CASE STUDY 3 The Port of Antwerp-Bruges hosts one of Europe’s largest petrochemical and logistics hubs and is a leader in low-carbon transition for heavy industry. Its ambitious decarbonization vision is anchored in cluster-scale CO2 T&S, hydrogen and ammonia infrastructure. The Port of Antwerp-Bruges demonstrates the opportunity created, particularly to drive early-stage project development, through effective public-private financing. As a port authority, we are uniquely positioned to act as a community builder for the more than 1,400 companies active in our port area. That role is essential to the success of decarbonization projects, which rely on shared infrastructure and on industry partners reaching FID. Jacques Vandermeiren, Chief Executive Officer, Port of Antwerp-Bruges Emissions reduction 50% of CO2 Captured by 2030Gross value-add contribution €20.8 billion 4.5% of GDPJobs 160,000 Direct and indirectPort of Antwerp-Bruges – overview of impacts FIGURE 10 Source: Port of Antwerp-Bruges.33The following examples illustrate public-capital-led models, where there is strategic policy direction but less certainty around long-term incentive frameworks. In this context, cluster administrators take a more active role as conveners and balance-sheet investors, using their own capital and credibility to de-risk projects and crowd in external finance.3.2 Public capital-led financing There are several projects which are helping the port to realize ambitious climate and industrial goals, including: Infrastructure –Antwerp@C CO2 Export Hub: An open-access infrastructure to transport, liquefy and load CO2 onto ships for permanent offshore storage. CO2 captured on industrial players’ sites on the port platform will be collected and transported via an intra-port open-access pipeline network. A shared liquefaction and export terminal will be built, including a CO2 liquefaction unit, buffer storage and marine loading facilities for cross-border shipping. This innovative project will be one of the first and largest multimodal open-access CO2 export facilities in the world. Kairos@C, phase one of the project, will see BASF and Air Liquide connect CO2 emissions from five of their plants. The Port Authority is playing a key role in coordinating the consortium of eight organizations involved in the project, while infrastructure developer Fluxys is driving development of the CO2 network within the port. –Hydrogen ecosystem: Across five organizations the underlying infrastructure to enable production of clean hydrogen is being developed. These include: –Air Liquide: The ENHANCE project will see Air Liquide build, own and operate an ammonia cracking plant and a hydrogen liquefier. An existing hydrogen production unit will be retrofitted to use ammonia as a feedstock instead of natural gas. –Fluxys and Advario: The pair have a 50-50 partnership to develop an ammonia terminal From Blueprint to Reality: A Stronger Business Case for Shared Energy Infrastructure 26

From Blueprint to Reality 2026