Denmark: INEOS has announced the final investment decision to permanently store CO₂ from Danish emitters in the Nini oil field in the Danish North Sea. The company aims to begin operations by late 2025 or early 2026, creating the ‘EU’s first operational CO₂ storage facility intended to mitigate climate change.’
The project, Greensand Future, will start by storing 400,000t/yr of CO₂, with a potential to scale up to 8Mt/yr by 2030. CO₂ will be captured from Danish biomethane plants, liquified, transported to Esbjerg port and shipped to the Nini oil field for permanent storage. Investments will exceed US$150m to scale storage capacity.
Mads Gade, head of INEOS Energy Denmark, said “Last year we were the first in the world to succeed in developing a value chain for safe and efficient capture, transport and storage of CO₂ across national borders. Now we are proud to take the next step, building on the learnings from the pilot and aiming to deliver a fully operational commercial project by the end of 2025/early 2026.”
