EU’s first corpulent-scale CO2 storage facility gallops ahead as Danish project reaches FID

The consortium companions at the relief of Challenge Greensand have taken one of the best investment resolution (FID) for what’s the major corpulent-scale carbon storage facility within the EU, investing $150 million in industrial agreements at some level of your entire cost chain, from CO2 emitters to logistics, storage, and transport.

On December 9, INEOS Vitality, the day-to-day operator, with its companions Harbour Vitality and Nordsøfonden (the Danish North Sea Fund) reached the FID to make investments within the Greensand Future Challenge, which is the major industrial segment of the Greensand project that can attach Denmark’s first CO2 storage blueprint at the Nini field within the Danish North Sea.

Right here is a step forward for CO2 seize and storage. Greensand Future could be the major operational CO2 storage facility within the EU and must aloof make contributions to each Denmark’s and the EU’s native climate dreams,” said Jim Ratcliffe, Chairman of INEOS.

The project operates within the C2023-01 IRIS offshore CO2 storage license and has carried out an EUDP-supported pilot project which carried out Denmark’s first-ever CO2 storage within the spring of 2023.

With the FID now made, the project strikes into the subsequent segment, with first industrial CO2 storage operations to launch in wearisome 2025 or early 2026.

The Greensand Future Challenge targets to retailer up to 400,000 tonnes of CO2 each year within the preliminary segment, with plans to lift skill to up to 8 million tonnes each year by 2030.

The CO2 within the major segment of Greensand Future will in all probability be captured and liquified at Danish biomethane production vegetation, transported to the port of Esbjerg, and then shipped by Royal Wagenborg to the Nini West reservoir to be kept 1,800 meters below the seabed.

Challenge Greensand marked an international first on March 8, 2023, with the first-ever injection of CO2 within the North Sea, demonstrating that captured CO2 could well be transported at some level of borders and kept offshore. A couple of months later, the classification society DNV verified the safety of all aspects of the project’s CO2 storage.

 “I am tickled that the investment resolution for the Greensand Future project has been made. Offering industrial storage as early as wearisome 2025 or 2026 is a highly mettlesome however achievable purpose,” said Christian Frigast, Chairman of the Board of Nordsøenheden.

“The Greensand Future Challenge has secured industrial agreements at some level of your entire cost chain, demonstrating that soft-scale CO₂ storage is shut by. This sends a crucial label to the market and could well encourage jog the approach of CCS no longer most efficient in Denmark however moreover within the EU.”