INEOS Energy, Wintershall Dea and a consortium of 29 companies, research institutes and universities based in Denmark have signed an agreement to support the next phase of the Greensand pilot project to demonstrate the safe and permanent storage of carbon dioxide
INEOS Energy, Wintershall Dea and a consortium of 29 companies, research institutes and universities based in Denmark have signed an agreement to support the next phase of the Greensand pilot project to demonstrate the safe and permanent storage of carbon dioxide.
The Greensand consortium will now file a grant application with the Energy Technology Development and Demonstration Program in Denmark. If the application is successfully approved, the consortium intends to start work on the project by the end of this year. The offshore injection pilot is expected to take place in late 2022.
Mads Weng Gade, Head of country, Denmark and Commercial Director INEOS Energy said: “Greensand has brought together a strong consortium of 29 companies, with strong competencies across key players from Denmark and around the world. We are taking this step by step. Today we have the consortium in place, and if we are successful in receiving ongoing support from the Danish Government and advisory board, Greensand will be able to take another important step forward in supporting the Danish Climate Strategy.”
In in December 2020, a large majority of the Danish Parliament decided to set aside a special funding pool to support a Danish carbon dioxide storage pilot project. The specific purpose behind the initiative was to investigate the interaction of reservoir-carbon dioxide in the Danish North Sea. This pilot project, if designed correctly, could form the basis for a decision to enable carbon dioxide storage by 2025.
Project Greensand is amongst the frontrunners of carbon dioxide storage projects in Europe. The project has the potential to make a significant contribution to understanding and growth of carbon storage technology around the world, while supporting Denmark’s wider carbon dioxide emission reduction targets for 2030 and beyond.
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