Wintershall Dea Norge AS and INEOS E&P AS have been granted the first CO2 storage license in the Danish North Sea for Project Greensand by the Danish Ministry of Climate, Energy, and Utilities.
By end 2025, as much as 1.5 million tonnes/year (tpy) of CO2 could be stored in a depleted oil reservoir in Nini West field. By end 2030, this figure is projected to climb to up to 8 million tpy, more than 13% of Denmark’s total annual emissions.
Project Greensand’s pilot injection phase is expected to start at the beginning of March, followed by rapidly movement to commercial operation.
The Danish government is supporting the project with the equivalent of €26 million in public funding.
Wintershall Dea and INEOS will each have a 40% share in Project Greensand with the remaining 20% held by state-owned Nordsøfonden.
