INEOS, Harbour Energy, and Nordsøfonden have announced the final investment decision (FID) to safely and permanently store carbon dioxide from Danish emitters in a depleted oil field in the Danish North Sea.
With the aim of initiating storage operations into the INEOS-operated Nini field in the Danish North Sea at the end of 2025/early 2026, ‘Greensand Future’ will become the EU’s first operational CO2 storage facility intended to mitigate climate change. The FID paves the way for expected investments of more than $150m (€950m) across the Greensand CCS value chain to scale storage capacity.
Jim Ratcliffe, chairman of INEOS says: ‘This is a breakthrough for carbon capture and storage. Greensand Future will be the first CO2 storage facility in operation in the EU supporting both Danish and EU’s climate objectives.’
Mads Gade, head of Denmark, INEOS Energy adds: ‘With Greensand Future and the establishment of the full value chain we are sending an important message to the Danish and European emitters currently considering large-scale capture projects, that it can be done.’
