Ineos is one of the project partners behind the CO2 storage project Project Greensand, which will store CO2 in the Nini field in the North Sea. Among other things, Ineos has ambitions for the Greensand project to establish shipping of CO2 to Greensand from the Danish ports of Esbjerg and Hirtshals. But in order for the CO2 to be shipped, ships are of course needed.
However, that problem has become a bit less after Ineos and the Dutch shipping company Royal Wagenborg signed a contract on Tuesday in the presence of the Danish and Dutch kings for the delivery of a CO2 ship to Project Greensand. This is stated by Ineos in a press release.
- With Project Greensand, Ineos has taken the lead, where we have demonstrated safe and efficient storage of CO2 in the North Sea subsoil, and we have a clear ambition to establish the first CO2 storage within the EU by 2026. The agreement between Royal Wagenborg and Ineos is a very important step towards establishing the entire CCS value chain on an industrial scale, says Mads Gade, Country Manager for Ineos Energy Denmark.
First dedicated CO2 ship
The agreement with Royal Wagenborg marks the first use of a dedicated CO2 ship for Project Greensand and is a central part in establishing a full CO2 capture, transport and storage value chain. Previously, Blue Water and Esvagt have been behind the upgrading of ships to make them suitable for transport. But the ordered purpose-built CO2 ship, designed to meet the highest standards of safety and efficiency, will enable large-scale transport of CO2 to the Greensand storage facility in the Danish part of the North Sea.
- The lack of dedicated CO2 ships has been a bottleneck for the development of CCS projects in Europe. The collaboration between Ineos and Royal Wagenborg is a breakthrough in meeting the EU's climate goals and provides a practical solution for large-scale CO2 transport. The agreement highlights the commitment of Ineos, Royal Wagenborg and the governments of the Netherlands and Denmark to create a sustainable future by reducing CO2 emissions, says David Bucknall, CEO of Ineos Energy.
Project Greensand is working to start up large-scale CO2 storage in the North Sea in late 2025 or early 2026. The ambition is that up to 400,000 tonnes of CO2 will be stored annually, with the storage capacity gradually expanding later, so that up to eight million tonnes of CO2 can be stored per year under the North Sea seabed from 2030.
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