Nordsøfonden

Denmarknordsoefonden.dk

Nordsøfonden (the Danish North Sea Fund) is Denmark’s state-owned company that holds and manages the government’s participation in subsurface licenses on the Danish Continental Shelf. Its core mandate covers exploration and production of oil and gas as well as emerging activities in carbon capture and storage (CCS), with a focus on safe, responsible resource management and long-term value for the state.

Acting as a non-operating partner, Nordsøfonden participates in offshore license partnerships, contributes subsurface expertise, and helps align projects with Danish regulatory and climate frameworks. In addition to legacy petroleum assets, the company is involved in CO₂ storage licensing in the Danish North Sea, supporting the build-out of infrastructure that industrial emitters can use to permanently store captured CO₂. This role places Nordsøfonden at the intersection of energy transition and heavy-industry decarbonization relevant to the wider chemical and process sectors.

Projects Nordsøfonden is involved in

chemXplore tracks 1 project involving Nordsøfonden.

Nordsøfonden's role on them: Owner.

What moved recently
  • 18 September 2026 Project Greensand Port Esbjerg Carbon Dioxide transit terminal CCS · Operational / Completed · Denmark

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Latest news on Nordsøfonden

18 September 2026
INEOS-led Greensand opens EU's first full-scale CO₂ storage site

Greensand begins commercial offshore CO₂ storage from biogenic sources, using a dedicated terminal and the EU’s first purpose-built CO₂ carrier to inject into a depleted North Sea reservoir.

2 October 2025
TotalEnergies Partners with CarbonVault in Bifrost CCS Project

TotalEnergies and partners advance the Bifrost CCS Project, storing CO2 offshore to support decarbonization and Denmark's CO2 storage hub ambitions. Transaction awaits regulatory approval.

5 May 2025
Greensand and INEOS Begin CO₂ Terminal Construction at Port Esbjerg

Construction starts on Denmark's first CO₂ storage terminal, aiming to establish a CCS hub in the EU, with completion expected by autumn.

1 May 2025
INEOS to Launch First European Offshore CO₂ Carrier on May 14

Europe's first offshore CO₂ carrier, built in the Netherlands, will transport CO₂ for storage in the Danish North Sea, advancing EU's carbon capture and storage efforts.

14 April 2025
Öresundskraft and INEOS to Store 210,000 Tonnes of CO₂ Annually from Sweden in Denmark

The agreement advances cross-border CCS efforts, with storage starting 2028, highlighting international cooperation for climate goals and expanding EU's CO₂ storage capacity.

9 December 2021
Danish Government Grants DKK 197 Million for North Sea CO2 Storage

The Danish Energy Agency funds Project Greensand to support Denmark's 70% CO2 reduction by 2030. The project aims to store up to 8 million tons of CO2 annually in the North Sea by 2030.

Where its projects are

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