CarbonCuts A/S was one of three players that was granted an exploration license for onshore CO2 storage on Thursday from the Danish authorities. In CarbonCuts' case, permission was granted to investigate the possibility of a CO2 storage facility on Lolland.
The project that will be located at Rødby is named "Ruby", and if the studies of whether storage in the Rødby structure meets all geological, environmental, safety and financial criteria go as planned, the company expects to be able to begin storage in 2030 or earlier, if the studies go as planned.
- We are proud to have been granted the exploration license for 'Project Ruby', which the team has been working hard on for a long time. The local authorities and companies on Lolland have all welcomed us and our vision of contributing to the green transition, says Ken Wesnæs, CEO of CarbonCuts, which is owned by BlueNord.
Storage potential of up to one million tons
With the survey permit, the Ruby project goes from drawing board to real action, and the first years will be spent investigating and analyzing the subsoil and infrastructure design in detail.
Already in the winter of 2025, CarbonCuts plans to carry out 3D seismic surveys of the Rødby structure. CarbonCuts expects that the project will be able to store approximately one million tons annually. The project's location close to Rødbyhavn emphasizes the international potential.
- We are looking at different scenarios for the transport and import of CO2 to Rødby, including receiving CO2 directly in Rødby by sea with ships. This opens the door to a broad spectrum of cooperation with other ports in Denmark and countries around the Baltic Sea, which themselves have limited possibilities for storing CO2, says Ken Wesnæs.
A final storage license will only be obtained when the extensive subsurface investigations have been completed satisfactorily and all license criteria have been met. After this, CarbonCut's owners, together with Nordsøfonden, can make a final investment decision to establish the CO2 storage.
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