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Lars Aagaard, Minister for Climate, is excited to have received two bids for support for CO2 capture and storage. (Archive photo).
Yves Herman/Reuters

Two actors have applied for billions in funding for CO2 capture in 2030

Aalborg Portland and a previously unknown applicant have bid for billions in funding to capture and store CO2 in 2030.
4. FEB 2026 15.00
Energi
Energilagring

The state has received bids from two players to participate in the billion-dollar support pool for CO2 capture and storage, which is to be launched in 2030.

This was announced by Climate Minister Lars Aagaard (M), after the official deadline for applying for the tender expired on Wednesday afternoon.

One player is Aalborg Portland, which announced their bid on Tuesday. The second bidder is being kept secret.

Capturing and storing CO2 from chimneys has been seen as a key role in the Danish climate transition for years.

The rationale is that some sectors, such as the cement industry and waste incineration, are so difficult to convert to climate-neutral practices that they would rather filter CO2 out of the smoke from the processes.

Here, the Danish Parliament has allocated almost 30 billion kroner to support the technology.

In return, the tender requires that the bidders can deliver the promised CO2 reductions by 2030. Failure to do so could result in fines of up to three-digit million.

However, it is still a new and relatively untested technology, where the infrastructure for transport and storage is not yet in place.

The two bidders are obliged to establish.

If they do not succeed in capturing CO2 from their smoke by 2030, a large fine of millions awaits them, which several actors have described as a stumbling block.

/ritzau/

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https://www.doi.dk/en/ccs/artikel/to-aktoerer-har-soegt-milliardstoette-til-co2-fangst-i-2030

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