Öresundskraft Kraft & Värme AB and INEOS – on behalf of Project Greensand – have entered into an agreement to investigate the possibility of storing up to 210,000 tonnes of CO2 annually from Sweden in Denmark. This is stated by Greensand Future in a press release.
The collected CO2 from Sweden is planned to be transported and stored safely and permanently in Greensand's storage facility in the Danish part of the North Sea, with an expected start-up in 2028. The agreement is seen as an important step in the development of cross-border carbon capture and storage (CCS) and will contribute to emission reductions throughout Greater Copenhagen and beyond.
– This agreement with INEOS is an important milestone for us. We are among the leaders in the European industry when it comes to developing a sustainable and fully integrated CCS solution for energy recovery from waste. Our project has received 54 million euros from the EU Innovation Fund and is one of Sweden's first CCS initiatives. Our goal is to offer climate-neutral district heating and achieve negative emissions. Connecting Swedish CO? capture with Danish storage infrastructure shows how crucial international cooperation is to achieving climate goals. We are proud of the collaboration with INEOS, says Stefan Håkansson, CEO of Öresundskraft.
INEOS is leading the development of the CO2 storage project Greensand together with partners Harbour Energy and Nordsøfonden. The project is among Europe's most advanced, and the goal is to be able to receive CO2 from several European countries for storage in geological formations offshore.
– Storing CO2 across borders is crucial if Europe is to achieve its climate goals. The agreement with Öresundskraft shows how industrial players in different countries can work together to build scalable, international CCS value chains, says Mads Weng Gade, CEO of INEOS Energy Europe.
The agreement is the latest milestone in the development of Greensand. In December 2024, INEOS and partners made a final investment decision to proceed with full-scale CO2 storage in the Nini field in the North Sea. Storage is scheduled to begin at the end of 2025 or the beginning of 2026. The project is expected to be the EU's first operational CO2 storage facility with the aim of combating climate change. It involves investments of over DKK 1 billion across the entire CCS value chain and will significantly increase storage capacity in the long term.
– The agreement with Öresundskraft marks the start of the next phase in Greensand – where we are expanding the capacity to also receive and store CO2 from other EU countries. It is an important step towards building a real European CCS infrastructure that enables cross-border emission reductions, says Mads Gade, CEO of INEOS Energy Europe.
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