In a new agreement, Ørsted will sell carbon dioxide removal (CDR) credits amounting to 330,000 tonnes of CO2 to Equinor over a ten-year period.
This is part of Ørsted’s CO2 capture and storage project, ’Ørsted Kalundborg CO2 Hub’, which will capture 430,000 tonnes of biogenic CO2 annually from two of Ørsted’s biomass-fired CHP plants from 2026. The CO2 that is captured comes from sustainable biomass and will be permanently stored under the North Sea seabed. In this way, CO2 will be removed from the atmosphere and contribute to negative emissions.
Svein Skeie, Senior Vice President of Strategy & Business Development at Equinor, says:
“We’re very pleased to expand our cooperation with Ørsted to also include CDR credits. We both share the belief that building markets enabling the physical reduction and removal of carbon will play a role in reducing emissions.”
