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CCS Takes Leap Forward in the North Sea: Three Final Investment Decisions (FIDs) reached by major CCS projects in Denmark and the UK
12th December 2024
Three major Carbon Capture and Storage (CCS) projects in Denmark and the UK have reached their Final Investment Decisions (FIDs), marking a significant milestone for CCS in Europe and the UK. These projects mark significant advancements in industrial carbon management in the region and will contribute to progress on climate targets in both countries.
The Greensand Future Project
Denmark's Greensand Future Project is the EU's first full-scale CO₂ storage facility to reach FID. The project aims to commence operations by late 2025/26 and will capture and permanently store 400,000 tonnes of CO₂ annually during its early stages, with potential growth to 8 million tonnes per year by 2030. INEOS, along with partners Harbour Energy and Nordsøfonden, has sought to secure commercial agreements across the supply chain to make this a reality.
Read more here.
The Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power)
In the UK, the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT Power) projects have also reached FID, the first projects to do so in the UK. NEP will develop infrastructure to handle up to 4 million tonnes of CO₂ annually, potentially expanding to 23 million tonnes by 2035. NZT Power has entered the execution phase and will deliver 742 MW of low-carbon electricity through a gas-fired power plant equipped with carbon capture, capturing up to 2 million tonnes of CO₂ annually for storage.
Read more here.