SCHWENK Zement GmbH & Co KG has signed a take care of TotalEnergies SE to accumulate a 35 % stake within the Bifrost carbon seize and storage (CCS) challenge on Denmark’s aspect of the North Sea.
The German cement producer “selected Bifrost to be its most popular resolution to retailer its future emissions”, TotalEnergies mentioned in a press launch.
After the transaction, which is topic to customary situations together with regulatory approvals, the French vitality big will retain 45 % as operator. Danish state-owned oil and fuel producer Nordsofonden owns the remaining 20 %.
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The farm-down settlement was signed between SCHWENK’s Danish affiliate CarbonVault and TotalEnergies E&P Denmark A/S.
A part of TotalEnergies’ North Sea CCS portfolio, Bifrost is a European Union Challenge of Frequent Curiosity that goals to place Denmark as a regional CCS storage hub. It’s envisioned to retailer as a lot as 335 million metric tons of carbon dioxide over 35 years, the challenge’s web site says.
The companions goal to start out injection 2030, with an annual ramp-up fee of 5 million metric tons, as declared on the challenge web site.
Final yr a examine for the challenge supported by the Danish Vitality Company’s Vitality Know-how Improvement and Demonstration Program discovered that two pure fuel reservoirs of the Harald fields are, as per the examine report on the challenge web site, “extremely suited to everlasting storage of CO2 in a protected and cost-effective manner”.
CO2 captured on land could be transported through specialised delivery or present pipelines to the Harold platform 250 kilometers (155.34 miles) off Denmark’s west coast. The captured emissions could be injected into the fuel reservoirs, as envisioned by the examine.
“Right here – greater than 2.5 kilometers under the seabed – the CO2 molecules are changing the pure fuel molecules beforehand occupying the pore areas within the reservoir rocks”, the examine mentioned. “The CO2 is trapped under seals of tight rocks – seals that trapped the pure fuel within the reservoirs for thousands and thousands of years with out leakage, proving them to be extremely efficient.
“The Harald fields have been chosen for the challenge due to the present infrastructure, the well-known and appropriate geology, the shallow sea water depth and the central location for main nationwide and European CO2 emitters.
“The depleted Harald West sandstone reservoir is focusing on within the first part to retailer two to a few million tons CO2 yearly.
“By including the Harald East chalk reservoir as an upside, the injection capability could also be elevated considerably. Chalk is the primary reservoir kind of the oil and fuel fields within the Danish North Sea.
“Accordingly, the success of Harald East might function an necessary stepstone within the efforts to retailer CO2 in offshore Denmark. With a storage capability of a number of million tons per yr, the Harald fields are the right vacation spot for the Danish CCS journey to take off at scale”.
This yr the Bifrost consortium has scheduled an evaluation of extra potential offshore storage websites by means of the evaluation of seismic information obtained 2023. The companions are additionally scheduled to review potential partnerships with terminal, pipeline and delivery homeowners, in accordance with the challenge web site.
In 2026-27 the companions plan to use to resume Bifrost’s storage licenses, in addition to conduct engineering design research, the location says.
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