Project Greensand Receives Funding from EUDP
Wednesday afternoon the Danish Energy Agency announced that it will award 197 million DKK to the consortium behind Project Greensand for CCS (carbon capture storage).
News
Project Greensand is a carbon storage project that will support Denmark’s ambitions to reach a 70 percent CO2 reduction by 2030.
The award is based on a political decision by The Danish Government and a broad majority of political parties in December 2020 to allocate a total of DKK 197 million earmarked for the development and demonstration of CO2 storage in the North Sea.
We are very pleased and thankful for the trust that has been shown to the entire consortium behind Project Greensand. Carbon capture and storage is one of the steps needed to reach the ambitious climate goals in Denmark, and we as a consortium are very proud to be allowed to contribute to that through this project.
We are very pleased and thankful for the trust that has been shown to the entire consortium behind Project Greensand. Carbon capture and storage is one of the steps needed to reach the ambitious climate goals in Denmark, and we as a consortium are very proud to be allowed to contribute to that through this project. The entire consortium has been waiting in the starting block and we are ready to start working on the project so we can help reach the climate ambitions as soon as possible
Mads Gade, country manager for INEOS Denmark
The storage potential in Project Greensand is 0.5-1 million ton of CO2 per year from 2025, increasing to 4-8 million tons of CO2 per year by 2030. Hence, the Greensand area can account for all the CO2 storage proposed in the Danish Climate Program.
Together with the support of the #projectGreensand consortium we will demonstrate that our approach is providing an agile & reliable solution for seismic monitoring in line with the economics & environmental goals of CCS projects
Habib Al Khatib CEO of SpotLight
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