A breakthrough in Carbon Capture and Storage (CCS) is announced in Denmark today, as the first full-scale Carbon Storage in the EU becomes a reality – marking a critical step to mitigate climate change by achieving the storage volumes necessary to support Danish and European climate targets.
INEOS, the day to day operator, with its partners Harbour Energy and Nordsøfonden, has made a Final Investment Decision (FID) into the first commercial phase ‘Greensand Future’ with storage operations set to begin at the end of 2025/early 2026. This decision paves the way for expected investments of more than $150 million across the Greensand CCS value chain.
Greensand has entered commercial agreements throughout the entire supply chain, from CO₂ emitters, to logistics, storage and shipping, backed by the funding necessary to make final injection and permanent storage a reality for Denmark and Europe.
