Scaling Europe's carbon storage capacity
Let's balance the carbon sheet
The world is shifting to a low-carbon economy, requiring major changes in how we produce and use energy. Carbon Capture & Storage (CCS) is an important technology in this transition with the EU aiming to store 250 million tonnes of CO
With current global capture at 45 mpta (IEA), scaling up requires government, investor, and industrial action.
Based on its groundbreaking pilot, the INEOS-led Project Greensand in December 2024 made a Final Investment Decision (FID) into its first commercial phase Greensand Future with storage operations set to begin at the end of 2025/early 2026. This decision paves the way for expected investments of more than $150 million across the Greensand CCS value chain to scale storage capacity.
Establishing a full CCS value chain, Greensand Future demonstrates to Danish and European emitters and industry leaders that large-scale capture projects are achievable. This could enable them to make the investment decisions needed to implement the kind of large-scale capture solutions that can help Denmark and the EU meet their climate targets.
With storage operations set to get underway at the end of 2025/early 2026 Greensand is expected to be the first CO
Greensand Future aims to safely capture and permanently store 400.000 tons of CO
On course to be the first CO2 storage in the EU intended to mitigate climate change
Opening up European storage facilities and creating the value chains needed to scale CCS will be crucial in reaching EU's storage and, in turn, net zero target.
Greensand has already demonstrated the feasibility of offshore storage, and is, with storage set get underway in end-2025/early 2026, now on track to establish the first CO
Storing CO₂ in the North Sea
Entering the first commercial phase, Greensand Future, Greensand will see CO
Greensand is a full industrial CCS value chain built on a scalable platform, allowing for the gradual expansion of storage capacity as CO
A big moment for Europe's green transition
In 2023, Greensand completed its pilot project, demonstrating for the first time the feasibility of cross-border, offshore CO
The storage was officially celebrated on March 8th 2023 at the exclusive First Carbon Storage event in Esbjerg, Denmark. Ursula von der Leyen, President of the European Commission said:
This is a big moment for Europe’s green transition, and for our clean tech industry. The first ever full value chain for carbon capture and storage in Europe. You are showing that it can be done [...] This is what Europe’s competitive sustainability is all about.
