- The Danish Energy Agency awards DKK 197 million for Project Greensand's CO2 storage.
- The project aims to store 4-8 million tons of CO2 annually by 2030.
- The Greensand project has three phases: Appraisal, Pilot, and Full execution.
- Full-scale carbon storage could be operational by 2025.
Funding and Objectives
The Danish Energy Agency has allocated DKK 197 million (€26 million) to Project Greensand, a carbon capture and storage (CCS) initiative. This project aims to support Denmark's goal of reducing CO2 emissions by 70% by 2030.
Project Phases
Project Greensand is divided into three phases: Appraisal, Pilot (Proof of Concept), and Full Project Execution. The Appraisal phase has been completed, involving INEOS, Wintershall Dea, Maersk Drilling, and GEUS.
Storage Potential
The project aims to store ½-1 million tons of CO2 per year starting in 2025, with a target of increasing this to 4-8 million tons annually by 2030. The storage will take place in the Siri area of the North Sea, which has been deemed geologically stable and suitable for long-term CO2 storage.
Certification and Timeline
DNV GL has certified that the Nini West field is suitable for injecting 0.45 million tons of CO2 per year per well for a decade. The Pilot phase is set to begin following the implementation of agreements from the Danish North Sea Agreement of December 2020. The Final Investment Decision (FID) for the full-scale project is planned for the second half of 2023, with an estimated delivery duration of 24 months, making carbon storage operational by around 2025.
