Reports related to this article:
Project(s): View 4 related projects in PECWeb
Released March 21, 2023 | GALWAY, IRELAND
en
Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Europe is celebrating the first successful injection of captured carbon dioxide (CO2) from Belgium into a depleted oil field in the Danish North Sea as part of Project Greensand.
Crown Prince Frederik of Denmark officially initiated the process at an event in Esbjerg, Denmark. Jointly led by INEOS Group AG (London, England) and Wintershall (Ludwigshafen, Germany), Greensand allows CO2, captured by INEOS from its Zwijndrecht refinery in Belgium, to be shipped via the port of Antwerp to INEOS' Nini West oil platform 200 kilometers (km) off the west coast of Denmark, where it will be injected as a liquid into the former oil field, 1.8 km below the seabed surface. Greensand will be capable of storing 1.5 million tonnes of CO2 per year by 2025 and up to 8 million tonnes of CO2 per year by 2030. It involves a consortium of 23 specialized companies, research centers, institutions and logistics partners.
Sir Jim Ratcliffe, a Project Greensand backer and founder and chairman of INEOS, said: "This is a breakthrough for carbon capture and storage (CCS). It is the first time that carbon dioxide has been successfully captured, transported cross-border and safely stored offshore anywhere in the world." The project was praised by Ursula von der Leyen, President of the European Commission (EC): "This is a big moment for Europe's green transition, and for our clean tech industry. The first ever full value chain, for carbon capture and storage in Europe. You are showing that it can be done. That we can grow our industry through innovation and competition, and at the same time, remove carbon emissions from the atmosphere, through ingenuity and cooperation. This is what Europe's competitive sustainability is all about."
She added: "The Greensand project aims to store safely and permanently up to 8 million tons of CO2 per year by 2030. To put this in perspective, this corresponds to over 10% of Denmark's current annual CO2 emissions, or the yearly carbon footprint of nearly 1 million Danish citizens. For the European Union (EU) to become climate neutral, we need to industrially store around 300 million tons of CO2 annually by 2050. This is a staggering amount, but you are showing how it can be done, with European cooperation."
Lars Aagaard, Denmark's Minister for Climate, Energy and Utilities said: "The Danish subsoil can store a lot more carbon than we ever will capture in Denmark. Therefore, I am extremely pleased that the whole perspective on the Danish subsoil from day one is based on an industrial thinking where these resources should be brought to the market and help other countries meet their climate target on a commercial basis."
Industrial Info is tracking 85 CCS projects in Europe worth almost US$6 billion in investment. They cover the entire chain from pipelines and wells to capture projects in many industrial sectors, from power and refining to cement, steel and chemical plants. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Crown Prince Frederik of Denmark officially initiated the process at an event in Esbjerg, Denmark. Jointly led by INEOS Group AG (London, England) and Wintershall (Ludwigshafen, Germany), Greensand allows CO2, captured by INEOS from its Zwijndrecht refinery in Belgium, to be shipped via the port of Antwerp to INEOS' Nini West oil platform 200 kilometers (km) off the west coast of Denmark, where it will be injected as a liquid into the former oil field, 1.8 km below the seabed surface. Greensand will be capable of storing 1.5 million tonnes of CO2 per year by 2025 and up to 8 million tonnes of CO2 per year by 2030. It involves a consortium of 23 specialized companies, research centers, institutions and logistics partners.
Sir Jim Ratcliffe, a Project Greensand backer and founder and chairman of INEOS, said: "This is a breakthrough for carbon capture and storage (CCS). It is the first time that carbon dioxide has been successfully captured, transported cross-border and safely stored offshore anywhere in the world." The project was praised by Ursula von der Leyen, President of the European Commission (EC): "This is a big moment for Europe's green transition, and for our clean tech industry. The first ever full value chain, for carbon capture and storage in Europe. You are showing that it can be done. That we can grow our industry through innovation and competition, and at the same time, remove carbon emissions from the atmosphere, through ingenuity and cooperation. This is what Europe's competitive sustainability is all about."
She added: "The Greensand project aims to store safely and permanently up to 8 million tons of CO2 per year by 2030. To put this in perspective, this corresponds to over 10% of Denmark's current annual CO2 emissions, or the yearly carbon footprint of nearly 1 million Danish citizens. For the European Union (EU) to become climate neutral, we need to industrially store around 300 million tons of CO2 annually by 2050. This is a staggering amount, but you are showing how it can be done, with European cooperation."
Lars Aagaard, Denmark's Minister for Climate, Energy and Utilities said: "The Danish subsoil can store a lot more carbon than we ever will capture in Denmark. Therefore, I am extremely pleased that the whole perspective on the Danish subsoil from day one is based on an industrial thinking where these resources should be brought to the market and help other countries meet their climate target on a commercial basis."
Industrial Info is tracking 85 CCS projects in Europe worth almost US$6 billion in investment. They cover the entire chain from pipelines and wells to capture projects in many industrial sectors, from power and refining to cement, steel and chemical plants. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here for the reports.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
