Led by British chemical giant Ineos and German oil company Wintershall Dea, the 'Greensand' project is expected to store up to eight million tons of CO2 per year by 2030, aiming to prevent further warming of the atmosphere.
Denmark on Wednesday inaugurated a project to store carbon dioxide 1,800 metres beneath the North Sea, becoming the first country in the world to bury CO2 imported from abroad.
Led by British chemical giant Ineos and German oil company Wintershall Dea, the"Greensand" project is expected to store up to eight million tonnes of CO2 per year by 2030. First captured at the source, the CO2 is then liquefied -- in Belgium in Greensand's case -- then transported, currently by ship but potentially by pipelines, and stored in reservoirs such as geological cavities or depleted oil and gas fields.
"The depleted oil and gas fields have many advantages because they are well understood and there are already infrastructures which can most likely be reused," said Morten Jeppesen, director of the Danish Offshore Technology Centre at the Technical University of Denmark . As Western Europe's largest producer of oil, Norway also has the largest potential for CO2 storage on the continent, particularly in its depleted oil fields.While measured in millions of tonnes, the quantities stored still remain a small fraction of overall emissions.
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