Welcome news from the European Commission whose #InnovationFund shortlist includes Denmark’s Greensands and Norway’s Havastjerne #CCS projects, which we are pleased to partner on.
A good day for Project Greensand and CCS in Europe. Today, the EU Commission has announced the selection of innovative net-zero projects to receive grants from the EU Innovation Fund. Among the 85 selected projects is Project Greensand operated by INEOS Energy together with the license partners Harbour Energy and Nordsøfonden. Last year Project Greensand demonstrated as a worlds first that CO2 could be transported cross borders to be stored offshore to mitigate climate change. And recently the independent verifier DNV verified that CO2 can be stored safely in Greensand. The good news on Project Greensand being among the selected net-zero projects is a huge acknowledgement of the importance of CCS in general and of the work done by the partners behind Greensand. The support from the Innovation Fund will be a valuable contribution to our work with Project Greensand and the fulfilment of the ambition to establish the first CO2-storage site within the EU by the end of 2025/start of 2026.