The flagship carbon storage undertaking of Denmark, Venture Greensand, has progressed with the completion of the ultimate report from its pilot section.
Venture Greensand was created by a consortium of 23 Danish and worldwide companions. The undertaking goals to develop, check and reveal secure and environment friendly storage of carbon dioxide (CO2) within the North Sea subsurface. It’s supported by the Vitality Expertise Growth and Demonstration Program (EUDP), which funds work by enterprises and universities on demonstration of recent inexperienced power applied sciences.
Thorough technical verification ensures that the saved CO2 stays safely and completely within the closed Nini West reservoir, 5,905 ft (1,800 meters) beneath the North Sea seabed, in response to a information launch from Ineos, the lead undertaking associate. The outcomes have been verified by an unbiased supplier of threat, verification, and standardization companies, DNV.
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“We now have documentation that we have now a well-functioning storage for CO2 within the North Sea subsoil, the place giant quantities of CO2 that might in any other case have been emitted into the ambiance could be safely and completely saved. We will see that the saved CO2 behaves as anticipated within the reservoir 1,800 metres beneath the seabed. That confidence offers us a strong basis to take the subsequent steps that will probably be essential for CCS [carbon capture and storage] in Denmark”, Mads Gade, Nation Supervisor at INEOS Denmark and Industrial Director at INEOS Vitality, stated.
“We’re very proud that we’re the primary on this planet to reach creating, testing and demonstrating a well-functioning worth chain for secure and environment friendly seize, transport and storage of CO2 throughout nationwide borders with the goal of mitigating local weather change. This is a vital step on the best way to assembly Denmark’s and the EU’s local weather ambitions, and every of the 23 companions has performed an impressive job. I’m impressed by how the duty has been solved throughout {many professional} teams, which has made this section of Venture Greensand come collectively”, Gade added.
CCS in Denmark
As the primary on this planet, Venture Greensand “demonstrates that captured CO2 could be transported throughout borders and saved offshore to mitigate local weather change,” in response to the discharge, including that the undertaking has paved the best way for the event of CCS in Denmark.
INEOS stated it has utilized for approval for Denmark’s first large-scale CO2 storage facility, and is now working laborious to begin CO2 storage within the North Sea by the top of 2025 or the start of 2026, on behalf of license companions Wintershall Dea (now Harbour Vitality) and Nordsøfonden. The corporate is focusing on to retailer as much as 400,000 metric tons of CO2 to be saved per yr, with as much as 8 million metric tons of CO2 per yr within the space saved underneath the North Sea’s seabed starting in 2030.
Work can also be underway to research the potential for storing CO2 underground onshore in Denmark. Earlier this yr, the Minister for Local weather, Vitality and Utilities awarded INEOS, Wintershall Dea (Harbour Vitality) and Nordsøfonden an exploration licence for an space of the Danish subsurface in Jutland within the Gassum reservoir, in response to the discharge.
“We emphasised that Denmark has moved to the forefront of CCS on this planet after we saved the primary CO2 within the North Sea. Now we’re within the strategy of investigating find out how to take the subsequent step, and right here we stand on the shoulders of the invaluable expertise from Venture Greensand’s pilot,” Gade stated.
“We’re eager to proceed this momentum with an ambition that Greensand would be the first CO2 storage facility in operation within the EU, and we are actually awaiting the Danish authorities’ approval of a everlasting storage. This is a vital step, as a result of if Denmark takes simply 5 % of a future CCS market in Europe, it might imply as much as 9,000 jobs, with an financial potential of DKK 50 billion. On the identical time, we are able to assist the EU’s goals, as a result of we have now all of the conditions to create a brand new trade that’s a part of the answer to the challenges of the local weather,” he added.
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