A consortium of 29 companies, research institutes, and universities, along with chemical giant INEOS Energy and oil and gas player Wintershall Dea, signed an agreement to support the next phase of the Danish CO2 storage pilot project in Greensand, a frontrunner of CO2 storage projects in Europe.
A large majority of the Danish Parliament decided in December 2020 to set aside a special funding pool to support a Danish CO2 storage pilot project, aiming to investigate the reservoir-CO2 interaction in the Danish North Sea. This pilot project, if designed correctly, could form the basis for a decision, to enable CO2 storage by 2025.
The Greensand consortium will now file a grant application with the Energy Technology Development and Demonstration Program in Denmark. If the application is successful, the consortium targets the start of work by end of 2021, with the offshore injection pilot taking place in late 2022.
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,
…Mads Weng Gade, Head of country, Denmark and Commercial Director INEOS Energy said.
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Being amongst the frontrunners of CO2 storage projects in Europe, the project has the potential to make a significant contribution to the understanding and growth of carbon storage technology, whilst supporting Denmark’s wider CO2 emission reduction targets for 2030 and beyond. The primary objective of the project is to safely and permanently store potentially up to 8m tonnes of CO2 per annum in the INEOS-operated Siri area.
Pilot phase (Proof of concept) planning is now getting underway with potentially start around Q4 2021, subject to the implementation of the agreements outlined in the Danish North Sea Agreement.
