Connection

popular articles

Complete Solar acquires SunPower after bankruptcy for $45 million
Saudi Arabia abandons hopes of $100 oil price
Environmental Activists Oppose Construction of Photovoltaic Power Plant
Blackout in Venezuela: The Limits of a Fragile Power System
Tunisia: Agreements signed for two new solar power plants

Denmark grants a CO2 storage exploration license to INEOS

The Danish Energy Agency awards INEOS, Wintershall Dea and Nordsøfonden a license to explore for CO2 storage in the Gassum formation, Jutland.
Stockage CO2 Danemark
  • [favorite_button]

Please share:

The Danish Energy Agency recently granted an exploration license to INEOS and its partners, Wintershall Dea and Nordsøfonden, for CO2 storage in the Gassum formation, located in Jutland, Denmark. Wintershall Dea will act as operator for this license. This initiative is part of efforts to exploit the significant potential of the Danish subsoil for CO2 storage. According to analyses carried out by GEUS (Geological Survey of Denmark and Greenland), the Danish subsoil could hold between 12 and 22 billion tonnes of CO2, which represents between 400 and 700 times Denmark’s annual CO2 emissions. These figures highlight Denmark’s potential role in the carbon capture and storage sector.

The Potential of the Gassum Formation

The Gassum formation has been identified by GEUS as having significant potential for safe CO2 storage. The license partners will now begin the exploration process for permanent storage of Danish and European CO2 in this formation. The knowledge acquired during the pilot phase of Project Greensand, led by INEOS, will be crucial to this new initiative. The project will be carried out in close collaboration with national and local authorities in Denmark.

Prospects and challenges

David Bucknall, CEO of INEOS Energy, said that the development of onshore and offshore CO2 storage sites will be key to achieving the EU’s climate goals and supporting the CCS market. Gassum’s onshore license is in line with the company’s energy transition strategy. Mads Weng Gade, Director of INEOS Energy DK, added that the potential for safe storage at Gassum is high, but further studies are needed to demonstrate this capacity. These studies will draw on the lessons learned from Greensand and will be conducted in close collaboration with the authorities.

Implications for the Energy Sector

Obtaining this license marks an important milestone for Denmark in the CCS sector. With its considerable underground storage potential, the country could become a European leader in this field. Partnerships with players such as Wintershall Dea and Nordsøfonden reinforce this strategic position. This breakthrough in CO2 storage exploration could also influence energy policy and investment in other regions, by demonstrating the feasibility and safety of large-scale CO2 storage.
The exploration license granted to INEOS and its partners for CO2 storage in the Gassum formation represents a significant step forward for the energy sector. Thanks to its storage potential and strategic collaborations, Denmark is well positioned to play a leading role in the development of CCS in Europe.

Register free of charge for uninterrupted access.

Advertising

Latest news

Saudi Arabia abandons hopes of $100 oil price
Octopus Energy invests £2 billion in UK renewable energies
Russia: export ban on petrol and diesel may be lifted if there is a surplus
ExxonMobil secures 20-year access to new Guangdong LNG terminal
Putin strengthens ties with BRICS and OPEC+ in retaliation

Recently published in

Sultan Al Jaber calls for ambitious NDCs before COP29

COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
Norway inaugurates the first commercial underwater CO2 storage site
Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.
Design sans titre-299
Norway inaugurates the first commercial underwater CO2 storage site
Norway has launched the world's first commercial CO2 transport and storage service, marking a milestone in the management of industrial emissions in Europe thanks to the Northern Lights project.
Design sans titre-299
Five emerging countries dominate the voluntary carbon credits market
Colombia, Kenya, Cambodia, Mexico and Peru are the leaders in the voluntary carbon credit market, thanks to regulatory advances and investor-friendly policies.
Design sans titre-267
Five emerging countries dominate the voluntary carbon credits market
Colombia, Kenya, Cambodia, Mexico and Peru are the leaders in the voluntary carbon credit market, thanks to regulatory advances and investor-friendly policies.
Design sans titre-267
Companies struggle to maintain their investments in decarbonization
Large companies are reducing their investments in decarbonization due to geopolitical tensions, although regulations and consumer expectations continue to push them towards better management of their emissions.
Design sans titre-197
Companies struggle to maintain their investments in decarbonization
Large companies are reducing their investments in decarbonization due to geopolitical tensions, although regulations and consumer expectations continue to push them towards better management of their emissions.
Design sans titre-197

Carbon capture projects must accelerate to achieve carbon neutrality

The development of carbon capture technologies is crucial to achieving decarbonization targets, but projects are not progressing fast enough according to experts.
60% of companies aim for carbon neutrality, but efforts deemed insufficient
More than half the world's companies are committed to carbon neutrality, but experts condemn the lack of concrete action to achieve this goal, despite ambitious announcements.
Design sans titre-172
60% of companies aim for carbon neutrality, but efforts deemed insufficient
More than half the world's companies are committed to carbon neutrality, but experts condemn the lack of concrete action to achieve this goal, despite ambitious announcements.
Design sans titre-172
Sharp rise in Australian carbon credits expected by 2025
The price of Australian Carbon Credit Units is set to jump by 56% between now and 2025, according to ANZ forecasts. Prices in New Zealand and China remain stable, in the face of less restrictive policies.
Design sans titre-158
Sharp rise in Australian carbon credits expected by 2025
The price of Australian Carbon Credit Units is set to jump by 56% between now and 2025, according to ANZ forecasts. Prices in New Zealand and China remain stable, in the face of less restrictive policies.
Design sans titre-158
Ukraine: Innovations optimize CO2 capture
Despite the war, Ukraine continues its industrial decarbonization efforts with innovations supported by EBRD and the EU. Pipes.one and Carbominer focus on manufacturing and agricultural efficiency through emission-reducing technologies.
Technologie Carbominer
Ukraine: Innovations optimize CO2 capture
Despite the war, Ukraine continues its industrial decarbonization efforts with innovations supported by EBRD and the EU. Pipes.one and Carbominer focus on manufacturing and agricultural efficiency through emission-reducing technologies.
Technologie Carbominer

Ørsted sells CO2 elimination credits to Equinor for ten years

Ørsted is committed to supplying 330,000 tonnes of CO2 removal credits to Equinor over a ten-year period, supporting its biomass carbon capture and storage projects.
Baker Hughes unveils CarbonEdge™, a CCUS project optimization platform
Baker Hughes launches CarbonEdge™, a digital platform for carbon capture, utilization and storage projects, facilitating risk management and regulatory monitoring.
TEMPLATE ENERGYNEWS(398)
Baker Hughes unveils CarbonEdge™, a CCUS project optimization platform
Baker Hughes launches CarbonEdge™, a digital platform for carbon capture, utilization and storage projects, facilitating risk management and regulatory monitoring.
TEMPLATE ENERGYNEWS(398)
Rising carbon prices in regulated markets, vagueness on voluntary markets
Regulated carbon markets saw their prices rise in August, while the voluntary market faced difficulties linked to the quality of credits and a lack of liquidity.
Design sans titre
Rising carbon prices in regulated markets, vagueness on voluntary markets
Regulated carbon markets saw their prices rise in August, while the voluntary market faced difficulties linked to the quality of credits and a lack of liquidity.
Design sans titre
Germany suspends carbon credits in China on suspicion of massive fraud
Germany blocks emission reduction certificates for projects in China after detecting irregularities, calling into question the reliability of carbon offsets on the European market.
Logo de
Germany suspends carbon credits in China on suspicion of massive fraud
Germany blocks emission reduction certificates for projects in China after detecting irregularities, calling into question the reliability of carbon offsets on the European market.
Logo de

Iceland: Haffner Energy and IðunnH2 optimize carbon procurement

Haffner Energy and IðunnH2 partner to use biocarbon in Iceland's 65,000-tonne e-SAF project, in response to carbon supply challenges.
Eni and Snam launch CO2 capture and storage in the Adriatic Sea
Eni and Snam are implementing a carbon capture and storage (CCS) project in the Adriatic Sea to reduce industrial CO2 emissions in Italy.
Infrastructure énergétique ENI à laquelle doit être associé le captage de carbone
Eni and Snam launch CO2 capture and storage in the Adriatic Sea
Eni and Snam are implementing a carbon capture and storage (CCS) project in the Adriatic Sea to reduce industrial CO2 emissions in Italy.
Infrastructure énergétique ENI à laquelle doit être associé le captage de carbone
TotalEnergies commits USD 100 million to forest management in the United States
TotalEnergies is investing USD 100 million with Anew Climate and Aurora Sustainable Lands to strengthen the sustainable management of 300,000 hectares of forests in the United States and optimize carbon sinks.
Forêt entretenue par Aurora sustainable land
TotalEnergies commits USD 100 million to forest management in the United States
TotalEnergies is investing USD 100 million with Anew Climate and Aurora Sustainable Lands to strengthen the sustainable management of 300,000 hectares of forests in the United States and optimize carbon sinks.
Forêt entretenue par Aurora sustainable land
Premium energy basins seek to reduce emissions
According to Rystad Energy, demand for hydrocarbons will remain high. Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
Design sans titre-18
Premium energy basins seek to reduce emissions
According to Rystad Energy, demand for hydrocarbons will remain high. Premium energy basins such as Rub Al Khali and Gulf Deepwater are identified as strategic targets for maintaining production while reducing CO2 emissions.
Design sans titre-18

Valorization of captured CO2: Prospects and obstacles for projects

The use of captured carbon dioxide can improve the profitability of carbon capture projects, but economic, technological and regulatory constraints hinder its widespread adoption.
Infrastructure de captage du
Opportunities for international players in China’s carbon markets
Regional carbon exchanges in China are diversifying their role by testing new sectors for the ETS, developing carbon finance products and facilitating cross-border trading.
Design sans titre-10
Opportunities for international players in China’s carbon markets
Regional carbon exchanges in China are diversifying their role by testing new sectors for the ETS, developing carbon finance products and facilitating cross-border trading.
Design sans titre-10
Carbon Capture in Asia-Pacific: High Costs and Legal Obstacles
Asia-Pacific is making progress in CCUS, but high costs and regulatory challenges are holding back progress.
Design-sans-titre-26
Carbon Capture in Asia-Pacific: High Costs and Legal Obstacles
Asia-Pacific is making progress in CCUS, but high costs and regulatory challenges are holding back progress.
Design-sans-titre-26
Zambia signs a partnership with Sweden for its carbon credits
Zambia is moving forward on Article 6.2 with a bilateral cooperation agreement with Sweden, aimed at boosting the cross-border carbon credit market.
zambie
Zambia signs a partnership with Sweden for its carbon credits
Zambia is moving forward on Article 6.2 with a bilateral cooperation agreement with Sweden, aimed at boosting the cross-border carbon credit market.
zambie

Deep Sky conducts carbon sequestration studies in Bécancour and Thetford Mines

Deep Sky is carrying out preliminary studies in Bécancour and Thetford Mines to assess the potential for CO2 storage and reinforce Quebec's industrial decarbonization.
Woodside acquires OCI’s low-carbon ammonia project in Texas
Woodside Energy acquires OCI Clean Ammonia Holding's low-carbon ammonia project for $2.35 billion, including CO2 capture capacity in Texas.
Woodside acquires OCI’s low-carbon ammonia project in Texas
Woodside Energy acquires OCI Clean Ammonia Holding's low-carbon ammonia project for $2.35 billion, including CO2 capture capacity in Texas.
CCS-EOR: An Emerging Pillar of Energy Decarbonization
An analysis by Wood Mackenzie reveals that CCS-EOR could often offer lower net emissions than CCS-Storage, thereby reinforcing the energy transition.
CCS-EOR Transition Énergétique Viable
CCS-EOR: An Emerging Pillar of Energy Decarbonization
An analysis by Wood Mackenzie reveals that CCS-EOR could often offer lower net emissions than CCS-Storage, thereby reinforcing the energy transition.
CCS-EOR Transition Énergétique Viable
Quebec Announces a Mutual Agreement for the Sale of Carbon Credits
The Ministère de l'Environnement du Québec will organize a mutual agreement sale of carbon credits on September 26, 2024, offering a solution to companies in difficulty.
View of Montreal (Quebec)
Quebec Announces a Mutual Agreement for the Sale of Carbon Credits
The Ministère de l'Environnement du Québec will organize a mutual agreement sale of carbon credits on September 26, 2024, offering a solution to companies in difficulty.
View of Montreal (Quebec)

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS