Öresundskraft Kraft & Värme and INEOS, on behalf of Project Greensand, have signed an agreement to investigate the opportunity to store up to 210,000 tonnes of CO2 annually from Sweden in Denmark…
Öresundskraft Kraft & Värme and INEOS, on behalf of Project Greensand, have signed an agreement to investigate the opportunity to store up to 210,000 tonnes of CO2 annually from Sweden in Denmark.
The captured carbon dioxide is planned for safe and permanent storage in Greensand storage facility located in the Danish part of the North Sea, with the first volumes expected to be stored from 2028.
This cross-border collaboration represents a significant step toward realizing the potential of carbon capture and storage (CCS) in the Greater Copenhagen Area and beyond.
It also underlines the vital importance of international cooperation in achieving climate goals and mitigating global climate change.
The companies behind Greensand are the current holders of the storage license (IRIS) – INEOS Energy Denmark, Harbour Energy, and Nordsøfonden, which is the Danish state’s subsurface company.
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“This agreement with INEOS marks an important milestone for us. We are at the forefront among our European industry
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