TotalEnergies has won two permits to explore the potential for CO2 storage in the North Sea in Denmark. The group aims to trap 5 million tons of CO2 per year by 2030 on an area of more than 2,000 km2, located about 250 km from the Danish west coast. The site has gas fields and a saline aquifer that could accommodate the stored CO2 volumes. TotalEnergies will own 80% of the project, called Bifrost, in partnership with Nordsøfonden (20%). Detailed assessments for a viable transportation and permanent storage project will be conducted prior to the first drilling scheduled for 2025.