Öresundskraft and INEOS Sign Agreement to Store 210,000 Tonnes of CO₂ Annually.

Öresundskraft and, on behalf of Project Greensand, the Danish company INEOS have signed a bilateral letter of intent to negotiate terms for storage of approximately 210,000 tonnes of CO₂ annually.

Carbon dioxide from Öresundskraft’s Filbornaverket district heating plant in Helsingborg will be captured, starting in 2027/2028, and transported to Project Greensand’s storage site in the Danish North Sea, where it will be safely and permanently stored beneath the seabed.

The agreement represents a significant step in realising Öresundskraft’s CCS ambitions while highlighting the importance of international cooperation in achieving climate targets and combating global climate change.

“The collaboration with INEOS is a key milestone for us”, said Stefan Håkansson, CEO of Öresundskraft. He continues:

“We are at the forefront among our European industry peers when developing a sustainable and fully realised CCS solution for energy recovery from waste. Our project has received €54 million in funding from the EU Innovation Fund and is one of Sweden’s first major CCS initiatives. Our goal is to provide climate-neutral district heating, climate-neutral waste incineration, and even negative emissions. Connecting Swedish CO₂ capture with Danish storage infrastructure demonstrates the importance of international collaboration to reach climate goals.”

Together with consortium partners Harbour Energy and Nordsøfonden, INEOS is leading the development of one of Europe’s most advanced CO₂ storage facilities: Project Greensand. The interim storage at the Esbjerg terminal will play a key role in receiving CO₂ from Sweden and several other European countries for safe injection into geological formations beneath the seabed at the Greensand site.

“Transporting and storing CO₂ across borders is essential if Europe is to reach its climate targets,” said Mads Weng Gade, CEO, INEOS Energy Europe. “This agreement with Öresundskraft demonstrates how industrial players in different countries can work together to build scalable, international CCS value chains.”

“The agreement with Öresundskraft marks the beginning of the next phase of Greensand—expanding the capacity to receive and store CO₂ also from other EU member states. This is a significant step toward building a truly European CCS infrastructure that enables emissions reductions across borders.” continues Mads Weng Gade, CEO of INEOS Energy Europe.

“Now that we know where we intend to store the CO₂ captured at Filbornaverket, we can take the next step in our project planning and begin procurement of a suitable transport solution,” concludes Stefan Håkansson, CEO of Öresundskraft.

About Greensand Future:

The companies behind Greensand are the current holders of the storage license (IRIS) – INEOS Energy Denmark, Harbour Energy, and Nordsøfonden, which is the Danish state’s subsurface company. Greensand also collaborates with a range of partners to ensure that CO₂ is captured, transported, and stored safely and permanently in the North Sea’s subsurface.

Initially, Greensand Future aims to capture, transport, and store 400,000 tons of CO₂ per year, with the potential to gradually increase storage capacity towards 2030 as captured CO₂ volumes and the demand for storage capacity rise.

On March 8, 2023, the INEOS-led pilot project Greensand became the first in the world to transport CO₂ across international borders for safe and permanent offshore storage as part of climate change mitigation efforts. This milestone was marked when His Majesty King Frederik of Denmark officially initiated the first CO₂ storage at the Nini Field during the pilot phase of Project Greensand.