Oresundskraft and INEOS-led Greensand project sign agreement to store 210,000 tonnes of CO2 annually

Share:

INEOS is leading the development of one of the most advanced carbon dioxide storage sites in Europe through a Project Greensand alliance in collaboration with Harbour Energy and Nordsøfonden

resundskraft Kraft & Värme AB and INEOS signed an agreement on behalf of the Greensand project to explore the possibility of sequestering up to 210000 tons of carbon dioxide from Sweden per year in Denmark. In fact The captured CO2 is planned to be safely and permanently stored in a Greensand storage facility located in the Danish part of the North Sea, with the first volumes expected to begin storage in 2028. But This cross-border cooperation marks an crucial measure towards realizing the full possible of carbon capture and storage (CCS) in and around the Greater Copenhagen region, and highlights the critical importance of international cooperation to achieve climate goals and mitigate global climate change. But Stefan Hå kansson, CEO of Öresundskraft, said: "This agreement with Inoex means a lot to us. I've found that Moreover we're at the forefront of our European peers in developing sustainable and fully integrated CCS solutions to recover energy from discarded materials. Our project has been awarded € 54 million from the EU Innovation Fund and is one of the first CCS projects in Sweden. Our goal is to provide climate-neutral district heating and achieve negative releases.

Previous

ExxonMobil announces $10 billion investment in Indonesia, petrochemical and carbon capture projects

Next

PM Modi lays foundation stone for Indian oil company's 0.9 billion rupee CBG plant in Haryana

Quick inquiry

Create

Inquiry Sent

We will contact you soon