Denmark grants Norne an exploration licence for CO₂ storage

The Danish government has granted Norne Thorning Storage an exploration licence to assess the Thorning geological structure for potential underground carbon dioxide storage by 2030.

Share:

The Danish Ministry of Climate, Energy and Utilities has awarded an exploration licence to Norne Thorning Storage ApS, a subsidiary of the US-based Fidelis New Energy LLC, to study the potential of the Thorning geological structure located in the Jutland region. This authorisation represents a step forward in Denmark’s development of carbon dioxide (CO₂) storage capacity as part of a joint initiative with Nordsøfonden, the state’s representative entity in the project.

An in-depth geological exploration programme

The exploration programme led by Norne aims to precisely characterise the underground structure of the site through aerial and 3D seismic surveys, as well as exploration and appraisal drilling. Ross, Norne’s exclusive partner for subsurface and wells studies, is overseeing the technical design of the programme. The objective is to confirm whether the structure can ensure safe and permanent CO₂ storage. If confirmed, Norne and Nordsøfonden will be eligible to apply for a storage licence from the Danish Energy Agency, pending the fulfilment of all environmental and regulatory compliance requirements.

Planned infrastructure and 2030 timeline

A storage facility could become operational before 2030. A receiving terminal is planned at the Port of Aalborg to accommodate CO₂ from industrial sources located in Denmark, the Baltic countries, and other parts of Europe. The infrastructure project aims to pool costs and streamline the logistics of transporting captured CO₂, with Norne considering multiple delivery modes.

European project and cross-border coordination

Norne has been supported by Fidelis New Energy since 2021 and was designated as a Project of Common Interest (PCI) by the European Commission in 2023. This designation underscores the project’s role in the European Union’s CO₂ emissions reduction strategy. The development of the Thorning site forms part of an ongoing dialogue with Danish authorities and European industrial partners, aiming to offer an integrated, cross-border solution to the CO₂ storage needs of high-emitting sectors.

  • Populaires ​
Renewable energy: access improving, but financing still insufficient for Africa
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
Natural hydrogen: France on the verge of redefining its national and European energy strategy
Iberdrola increases supplementary dividend by 16.5% to €0.409 per share
Iberdrola launches metocean studies for Australian offshore wind farm
Colombian Carbon Market Under Pressure: Excess Credits and Waning Confidence
Colombia is experiencing a significant drop in voluntary carbon credit prices due to a major oversupply, destabilizing the financial balance of associated communities and projects.
France and Norway formalize an agreement on cross-border CO₂ transport
France and Norway sign an agreement facilitating the international transport of CO₂ to offshore geological storage facilities, notably through the Northern Lights project and the CO₂ Highway Europe infrastructure.
Frontier signs offtake agreement for 120 000 tonnes of BECCS credits
Frontier Infrastructure Holdings has signed an offtake agreement with manager Wild Assets for up to 120 000 tonnes of BECCS credits, underscoring the voluntary market’s growing appetite for traceable, high-permanence carbon removals.
Wood Mackenzie forecasts $1.35 trillion for CCUS and carbon credits markets
Global carbon capture and offset credit markets could exceed $1.35 trillion by 2050, driven by private investment, technological advances, and regulatory developments, according to analysis published by Wood Mackenzie.
Australian Carbon Credit Market: New Players Influence Price Dynamics
The Australian carbon credit market is experiencing temporary price stabilization, while the emergence of new alternative financial instruments gradually attracts corporate attention, subtly altering the commercial and financial dynamics of the sector.
Norway Launches Complete Industrial Chain for Carbon Capture and Storage
Norway has launched a major industrial project aimed at capturing, maritime transport, and geological storage of CO₂, mobilizing key energy players and significant public subsidies to ensure economic viability.
The EU grants €21mn to accelerate industrial decarbonisation in Egypt
A €21mn European grant, managed by EIB Global, will fund Egyptian projects aimed at cutting industrial emissions and boosting recycling, while a related €135mn loan is expected to raise additional climate investments.
Sweden and Norway Launch CCS Infrastructure Targeting 5 Mt Annual CO₂ Capture
Stockholm Exergi begins construction of a CO₂ capture facility in Stockholm, integrated with the expansion of Northern Lights in Norway, reaching a total storage capacity of 5 million tonnes per year by 2028.
Global carbon coverage reaches 28%, compliance demand triples
Global emissions coverage by carbon pricing systems reaches 28%, driven by expanding compliance markets, where demand nearly tripled within one year, according to a World Bank report.
Vietnam Launches Pilot Carbon Market Targeting Three Major Industrial Sectors
Vietnam initiates a pilot carbon market targeting steel, cement, and thermal energy industries to prepare for nationwide regulation starting in 2029.
EPA delegates strategic management of CO₂ injection permits to Texas
The U.S. Environmental Protection Agency (EPA) proposes granting Texas direct authority to issue carbon dioxide injection permits, potentially accelerating the commercial expansion of geological CO₂ storage projects.
Höegh Evi and Aker BP receive DNV approval for next-generation CO₂ carrier
Höegh Evi and Aker BP received Approval in Principle from DNV for a maritime carrier designed to transport liquefied CO₂ to offshore storage sites in Norway.
Norne and Port of Aalborg sign 30-year exclusive deal for CO2 hub
Norne and the Port of Aalborg begin construction of a 15 mn tonne per year CO2 terminal, supported by an EU grant.
Lagos launches carbon credit project for 80 million households in Nigeria
The Lagos State government has launched a programme to deploy 80 million improved cookstoves, generating up to 1.2 billion tonnes of tradable carbon credits.
Washington cancels $3.7bn in federal subsidies for carbon capture
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
U.S. Carbon Black Market: Growing Uncertainty Amid Industrial Tensions
In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
EU and UK carbon prices stall pending regulatory clarification
European and UK carbon markets paused this week as participants await clarity on future integration of both emissions trading systems.
European Energy and Ammongas launch CO₂ capture project targeting 150,000 tons annually
A consortium led by European Energy has secured prequalification for a Danish carbon capture and storage project in Næstved, aiming to remove 150,000 tons of CO₂ per year under a national subsidy programme.
Gaia carbon capture project secures key pre-qualification in Denmark
The joint project by Copenhagen Infrastructure Partners and Vestforbrænding is among ten initiatives selected by the Danish Energy Agency for public carbon capture and storage funding.
One Exchange launches OX CO₂, a new platform for carbon trading
Canadian broker One Exchange partners with Stephen Avenue Marketing to create OX CO₂, a carbon trading platform combining digital technology and human expertise.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS