The waste and energy company ARGO, owned by nine municipalities in Zealand, has decided not to apply for funds from the state's CO2 capture pool in 2025. The company was invited to negotiations with the state earlier this year after submitting an indicative offer, but now considers that the financial and time frames in the final tender are not justifiable. This is stated by ARGO in a press release.
The decision means that ARGO will initially be outside the state support scheme, but the company maintains that CO2 capture is a necessary part of future climate efforts. ARGO emphasizes that the company continues to have a solid economy and delivers stable waste management and energy production without CO2 capture. At the same time, the company assesses that the technology will be central to the development of the waste and energy sectors in the coming years, and is therefore ready to press the accelerator for the project under different conditions.
- The government's proposal for the 2035 target points to a need for further CO2 reductions, and CO2 capture will be an important part of the effort. Therefore, we maintain the project's readiness. ARGO is ready to take the next step when the market, the upcoming climate goals and the government framework make it possible to make a responsible decision. Our vision is to be a strong climate actor and contribute to Denmark's path towards climate neutrality, says Tomas Breddam, chairman of the board of ARGO and mayor of Roskilde.
ARGO is not the only municipal company that announced on Thursday that it will drop its application for the CCS fund. The same decision has been unanimously made by a city council in Aarhus Municipality on behalf of the waste and energy company Kredsløb. Kredsløb had the goal of establishing CO2 capture at the incineration plant in Lisbjerg, but the city council, like ARGO, has assessed that the current conditions in the state pool are too uncertain to apply at this stage.
Kredsløb and ARGO were among the ten companies that were prequalified to bid for the CCS pool of a total of DKK 28.7 billion, which is to support the capture and storage of CO2 as part of achieving Denmark's climate goals. The deadline for the final and binding bids for the new CCS pool is December 17, 2025. The Danish Energy Agency expects to be able to award contracts in April 2026.
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
