"CCS is the relevant short to medium-term solution"

Roughly DKK 200m allocated through Danish funding scheme EUDP's special pool for Project Greensand underscores Denmark's commitment to CCS, says Ineos' CCO, adding that only licensing is needed to enable the country to store carbon from 2025, also leaving room for things like green methanol in the longer term.

BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN

The article is being updated

With Wednesday's allocation of DKK 197m, Ineos vacuumed up project funding from Denmark's Energy Technology Development and Demonstration Program (EUDP) – no dull overture for the oil company's Greensand project, the prerequisite of which is the apt ability to suck – CO₂, that is – and ship the greenhouse gas out to the North Sea to be stored in a depleted fuel deposit under the Nini platform.

At Ineos – the primus motor of the project meant to demonstrate the full value chain behind the technology – the pleasure of having received this aid is clear.

Already a subscriber? Log in.