Cement producer Aalborg Portland has won a tender for billions in government funding in the so-called CCS pool to capture and store CO2. The Danish Energy Agency wrote this on its website on Tuesday.
The agreement involves the annual capture, transport and storage of 1.25 million tons of CO2. The Danish Energy Agency also received a bid from Gaia ProjectCo, which did not win the bid.
- The Danish Energy Agency has also offered the company Gaia ProjectCo P/S to be a marginal bidder, which means that a contract with a reduced quantity may be awarded.
- The contract covers the remaining part of the pool, but not the full share that the company has applied for. Gaia ProjectCo P/S has chosen to reject this, writes the Danish Energy Agency.
Gaia ProjectCo is a joint company of Vestforbrænding and Copenhagen Infrastructure Partners (CIP).
The state has allocated a total of 28.7 billion kroner in the CCS pool. CCS (carbon capture and storage) is a technology that can capture and store CO2.
The government and the Danish Parliament had expected that the support pool would provide a CO2 reduction of 2.3 million tons of CO2 in 2030, but acting Minister of Climate, Energy and Utilities Lars Aagaard (M) has since downplayed expectations.
- It is clear that my political dream is to get as close to the original objectives as possible, but I honestly doubt that we will come up with those bids, he told Ritzau in February.
The reductions are to contribute to Denmark reaching the goal of having reduced greenhouse gas emissions by 70 percent in 2030 compared to emissions in 1990.
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