Denmark’s climate and energy ministry says that the country has awarded its first licences to capture and store carbon in the North Sea to Wintershall Dea, INEOS Energy and TotalEnergies.
To reach its target of net zero carbon emissions in 2045, Denmark sees carbon capture and storage (CCS) technology, which removes CO2 emissions from the atmosphere and stores them underground, as a key step.
Efforts to promote the technology have gained steam across Europe over the past few years as industries and governments seek to reduce emissions to meet their climate goals and the ministry said the Greensand project led by INEOS and Wintershall is expected to start injecting up to 1.5 million tonnes of CO2 into depleted oil and gas fields in the North Sea by 2025.
The project plans to increase capacity to 8 million tonnes per year by 2030.
Read also: Earthquake kills thousands in Turkey, Syria
TotalEnergies’ Bifrost project aims to inject up to 3 million tonnes into a depleted oil and gas field from 2027, reaching 5 million tonnes by 2030.
Total investments in the projects will reach 445 million Danish crowns ($64.4 million) and 157 million crowns respectively, with the Danish state investing just under half of that.
Story was adapted from Reuters.