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The Danish Ministry of Climate, Energy and Utilities Grants First Full-Scale CO2 Storage Permits
6th February 2023
The Danish Minister of Climate, Energy and Utilities has granted the first three exclusive licenses for exploration of full-scale CO2 storage in the Danish North Sea. The licenses are the first of its kind and will drive the development of full-scale CO2 storage in Denmark, contributing to the implementation of Denmark’s CCS strategy and ambitious climate targets.
In August 2022, the Danish Energy Agency (DEA) opened the first tender of licenses for storage of CO2 in the Danish subsoil in the North Sea. After reviewing and evaluating the applications, the DEA recommended that the Minister of Climate, Energy and Utilities award two licenses to TotalEnergies, and one to the INEOS and Wintershall consortium.
According to the DEA, the three licenses are an important step towards the achievement of carbon neutrality in the country and "pave the way forward for Denmark as an important puzzle piece in realizing the growing demand for CO2 storage capacity in Northern Europe".
Read the full announcement here