- The project aims to store 210,000 tonnes of CO₂ annually starting in 2028.
- The EU Innovation Fund awarded the project €54 million.
- Full-scale CO₂ storage operations in the Nini Field to begin by late 2025/early 2026.
- Expected investments in the Greensand CCS value chain exceed 1 billion DKK.
Agreement Overview
Öresundskraft and INEOS have signed an agreement to store up to 210,000 tonnes of CO₂ annually from Sweden in Denmark, with storage set to begin in 2028. The CO₂ will be stored in the Greensand facility in the Danish North Sea.
Cross-Border Collaboration
This initiative marks a significant step in cross-border carbon capture and storage (CCS) efforts, emphasizing the importance of international cooperation in achieving climate goals. The project connects Swedish carbon capture with Danish storage infrastructure.
Project Funding and Development
The project has received €54 million from the EU Innovation Fund and is one of Sweden’s first CCS initiatives. INEOS, along with partners Harbour Energy and Nordsøfonden, is leading the development of the Greensand CO₂ storage site, which will receive CO₂ from various European countries.
Timeline and Investment
In December 2024, INEOS and its partners made the Final Investment Decision to proceed with full-scale CO₂ storage operations in the Nini Field, with plans to start by late 2025 or early 2026. The investment decision is expected to lead to investments exceeding 1 billion DKK to scale up storage capacity.
Regional Impact
The Greater Copenhagen region is well-positioned for CCS due to its industrial base and geographic proximity between Sweden and Denmark. This project exemplifies the commitment of Swedish and Danish stakeholders to collaborate on climate solutions and build a European CCS infrastructure.
