Displaying items by tag: INEOS

Denmark: Denmark's first CO₂ storage facility is now ready to store CO₂ in the North Sea, designed for large-scale CO₂ containment to combat climate change, according to a press release from project leaders INEOS Denmark. The Project Greensand initiative has completed its pilot phase, confirming permanent CO₂ storage in the Nini West reservoir, 1800m below the seabed.

Following the pilot phase's success, the launch of large-scale CO₂ storage is expected by late 2025 or early 2026, with ambitions to store up to 8Mt/yr by 2030. An investigation is also underway to determine the possibility of storing CO₂ underground on land in Denmark, with the company obtaining an exploration licence from the Minister for Climate, Energy and Utilities earlier in 2024 for an area of Jutland in the Gassum reservoir.

Country manager at INEOS Denmark and Commercial Director at INEOS Energy, Mads Gade said “We emphasised that Denmark has moved to the forefront of CCS in the world when we stored the first CO₂ in the North Sea. Now we are in the process of investigating how to take the next step, and here we stand on the shoulders of the invaluable experience from Project Greensand's pilot. We are keen to continue this momentum with an ambition that Greensand will be the first CO₂ storage facility in operation in the EU, and we are now awaiting the Danish authorities' approval of a permanent storage. This is an important step, because if Denmark takes just 5% of a future CCS market in Europe, it could mean up to 9000 jobs, with an economic potential of US$7.4bn. At the same time, we can support the EU's objectives, because we have all the prerequisites to create a new industry that is part of the solution to the challenges of the climate.”

Denmark: 29 consortium members, including Aalborg Portland Cement, Aker Carbon Capture and INEOS, have signed up to phase two of the Greensand carbon capture and storage pilot project. Proof of concept planning is now underway with a potential start date of around late 2021 subject to securing funding from the government’s Energy Technology Development and Demonstration Program. If successful an offshore injection pilot is scheduled for late 2022.

A majority of the Danish Parliament decided in December 2020 to set aside a special funding pool to support a 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.

Mads Weng Gade, Head of Country, Denmark and Commercial Director INEOS Energy said, “We are taking this step by step. We now 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.”

UK/Europe: Cemex’s South Ferriby cement plant is participating in the European Union (EU) supported enhanced energy and resource efficiency and performance in process industry operations via onsite and cross-sectorial symbiosis (EPOS) project. Designed to enable cross-sector industrial working, the project highlights case studies exemplifying ways for companies to use wastes from other industries to deliver greater efficiency, save raw materials, and contribute to more sustainable processes.

The South Ferriby plant has worked with other companies, including the INEOS chemical company, to determine how waste from INEOS’s production could be used as part of the cement manufacturing process. In addition Cemex Poland and Cemex Research Group in Switzerland will also represent Cemex in the project.

“It is a privilege for Cemex’s cement plant in South Ferriby to participate in this project, collaborating with other companies and partners across Europe. This helps to ensure that we operate our cement plant as efficiently as possible, while learning lessons that we can apply to our other facilities,” said Kevin Groombridge, South Ferriby Cement Plant Environment Manager.