Work on Europe’s first carbon storage pilot could begin this year after 29 organisations agreed to back the Greensand project
The consortium intends to start storing CO2 in a North Sea gas field in Denmark from 2022 to support Danish ambitions to reduce greenhouse gas emissions. This will be Europe’s first full chain climate carbon capture and storage pilot project if it gets government approval.
Ineos Energy, Wintershall Dea and a consortium of 29 companies, research institutes and universities signed an agreement on 17 August to support the next phase of the Greensand pilot project which aims to demonstrate the safe and permanent storage of CO2 in a North Sea reservoir.
This consortium will file a grant application with the Energy Technology Development and Demonstration Program in Denmark. If successful, the consortium intends to commence work before the end of 2021, with the offshore injection pilot taking place in Q4 2022.
These grants are available after the Danish Parliament set aside a special funding pool to support a Danish CO2 storage pilot project in December 2020. Funding is ready to investigate reservoir-CO2 interaction in the Danish North Sea through a pilot project, which could form the basis for a decision to enable CO2 storage by 2025.
Demark has an ambitious target to reduce CO2 emissions by 70% by 2030.
Ineos Energy commercial director and head of Danish operations Mads Weng Gade said the Greensand consortium brings together 29 companies with strong competencies from key players.
“We are taking this step by step,” he said. “Today, we have the consortium in place, and if we are successful in receiving ongoing support from the Danish Government and advisory board, Greensand will be able to take another important step forward in supporting the Danish Climate Strategy.”
Project Greensand is among the frontrunners of CO2 storage projects in Europe, many of which remain in the planning phase and awaiting government support. The project has the potential to make a significant contribution to the understanding and growth of carbon storage technology.
Ineos Oil & Gas holds a strong position in Denmark, with production of oil from the Siri area including from the Siri, Stine, Cecilie, Nini and Nini East fields. A platform on the Nini field could be used for this CO2 storage pilot project.
Other nations in Europe have put forward carbon capture and storage projects in the past, including in the UK and Norway.
Energy majors and power generators have applied for funds to pump CO2 into drained North Sea oil and gas fields, either for permanent storage or tertiary hydrocarbon production.
This announcement comes during Riviera Maritime Media’s Carbon Capture and Storage Webinar Week, where leading players in shipping are discussing future plans and key technologies for transporting CO2.
Large-scale CO2 shipping will be integral to global decarbonisation strategies. To transport the increased volumes of CO2, the global fleet will need to ramp up in size and scale and CO2 terminals will need to be designed and operated. This presents both challenges and opportunities as industry gears up for early-stage implementation through pilot projects.
These webinars are delving into the detail behind this promising technology, including storage space required, capture rates expected and onshore reception facilities needed, as well as associated costs and what transporting CO2 means for vessels.