With this proposal, the Government demonstrates their serious approach to CO2 storage in the North Sea and makes it possible to establish a market for CCS in Denmark.
There needs to be a strong focus on the CCS sector, and Minister of Climate, Energy, and Utilities, Lars Aagaard, emphasized at the press conference that the CCS action plan should enable large-scale operations to reduce costs and thus inject more CO2 into the underground.
On Monday, August 21st, Minister of Climate, Energy, and Utilities, Lars Aagaard, presented the Government's new proposal for CO2 capture and storage. Representatives from the energy industry also participated. In the picture, from left to right, CEO of Ørsted, Mads Nipper, and Minister of Climate, Energy, and Utilities, Lars Aagaard.
The proposal also includes a plan to consolidate CCS funds for two major funding rounds, as well as to ensure clear guidelines for the industry and pave the way for European cooperation on CO2 capture, all to secure Denmark’s CO2 reduction goals by 2030. The projects are expected to be in full operation by 2029, with the possibility of capture and storage from 2028. It is expected that the first of the two rounds will start in June 2024.
It's great to recognize several of the contributions Business Esbjerg, along with the local cluster actors, has provided to the ministry in the Government's action plan.
CEO, Business Esbjerg
Business Esbjerg, together with local cluster actors, has provided some of the recommendations that have made their way into the Government’s proposal. CEO Karsten Rieder expresses his satisfaction:
“It’s great to recognize several of the contributions Business Esbjerg, along with the local cluster actors, has provided to the ministry in the Government’s action plan,” states Karsten Rieder.
Capture and storage of CO2 can secure energy jobs for Esbjerg
The current CCS projects, Greensand and Bifrost, in which a wide range of Esbjerg companies have been involved, are now nearing completion. These projects have proven that CO2 storage in the North Sea is possible, which has been a prerequisite for creating a new CCS business venture in Denmark.
With the establishment of a CCS industry in Denmark, it is expected that several of Esbjerg’s oil and gas companies will play a significant role with their experience, knowledge, and skills. All of this can contribute to securing future jobs in our energy sector in Esbjerg.