Close Menu
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Technology
  • Incidents
  • Environment
  • Events
    • Maritime
    • Offshore
    • Oil & Gas
    • Energy
  • Advertising
  • Contact
Facebook X (Twitter) Instagram LinkedIn
Trending
  • Alewijnse joins Oceanco
  • US to hold over 30 offshore oil and gas auctions through 2040
  • Seychelles’ ‘first utility-scale’ floating solar project secures financing
  • USV in action for TotalEnergies offshore Norway
  • Saab Acquires Swedish Pressure Vessel Company
  • Protect Your Crew. Exceed Weld Standards.
  • Black pipes land in Europe as UK backs ship carbon capture trial
  • US Unveils Schedule for Over 30 Offshore Lease Auctions
Facebook X (Twitter) Instagram LinkedIn
Maritime247.comMaritime247.com
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Tech
  • Incidents
  • Environment
  • Events
    • Maritime
    • Oil & Gas
    • Offshore
    • Energy
  • Advertising
Maritime247.comMaritime247.com
Home»Oil & Gas»10 companies shortlisted to vie for Denmark’s C02 storage funding
Oil & Gas

10 companies shortlisted to vie for Denmark’s C02 storage funding

May 17, 2025
Facebook Twitter LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Email

The Danish Energy Agency Prequalifies Ten Companies for CCS Funding

The Danish Energy Agency has announced the prequalification of ten companies eligible to submit proposals for funding under its carbon capture and storage (CCS) initiative. This initiative aims to support Denmark in achieving its climate goals by reducing annual CO2 emissions by 2.3 million tonnes from 2030.

The selected companies were chosen based on their experience in CCS projects, infrastructure projects, and related activities. With a funding of DKK 28.7 billion (approximately $4.31 billion), Denmark is taking significant steps towards establishing a market for carbon capture and storage within the country.

Deputy Director General of the Danish Energy Agency, Peter Christian Baggesgaard Hansen, emphasized the importance of CCS in addressing the climate challenge. He expressed satisfaction with the strong interest shown by companies in contributing to Denmark’s climate goals through CCS.

Among the prequalified companies are AffaldPlus Affaldsenergi, ARGO CCS, E.ON Carbon Capture Solutions, Copenhagen ApS, Energnist CaptureCo, Fjernvarme Fyn Fangst, Gaia ProjectCo P/S, HOFOR DSS SPV, Kredsløb Holding, Ørsted Bioenergy & Thermal Power, and Aalborg Portland.

Ørsted Bioenergy & Thermal Power, one of the shortlisted companies, secured a 20-year contract for Denmark’s first full-scale CCS project in 2023. The funding will cover capture, transportation, and geological storage of CO2 over a 15-year contract period.

Baggesgaard Hansen highlighted that the CCS fund aims to ensure actual CO2 reductions, with payments only made upon successful storage. The funding will be based on the amount of CO2 captured and stored, contributing to Denmark’s climate targets.

See also  All-electric FPSO for TotalEnergies’ Angolan project starts taking shape in China

The prequalified companies have until August 26, 2025, to submit detailed project descriptions and bids. Following this, a negotiation phase will take place between the Danish Energy Agency and the bidders, with final offers due by December 17, 2025.

The implementation of the CCS fund is subject to state aid approval from the European Commission, emphasizing the importance of regulatory compliance in such initiatives.

Denmark recently witnessed its first CO2 storage project with the Greensand Pilot Injection Project in late 2022. The successful injection of CO2 in the North Sea by partners INEOS E&P and Wintershall Dea marked a significant milestone in Denmark’s journey towards carbon capture and storage.

C02 Companies Denmarks Funding shortlisted Storage vie
Share. Facebook Twitter LinkedIn Tumblr Telegram Email

Related Posts

USV in action for TotalEnergies offshore Norway

August 20, 2025

BP confirms multimillion-dollar deals for gas field expansion and terminal electrification

August 20, 2025

Interior rolls out long term offshore O&G lease sales schedule

August 19, 2025
Top Posts

Duties of Bosun (Boatswain) on a Ship

February 1, 2025

China Fights Australia’s Plans to Reclaim Darwin Port Citing U.S. Influence

May 27, 2025

Fire-Stricken Wan Hai 503 Continues to Drift Off Indian Coast as Salvage Efforts Intensify

June 11, 2025

Car Carrier ‘Morning Midas’ Catches Fire with Electric Vehicles Off Alaska

June 5, 2025
Don't Miss
Offshore

Solstad scores CSV contract in Brazil with Petrobras

July 17, 2025

Solstad Solstad Offshore Secures Contract with Petrobras for Normand Pioneer Vessel Norwegian offshore vessel owner…

India debuts dedicated maritime finance body to boost innovation

July 5, 2025

Clearing a safer path: AI-powered iceberg detection

January 7, 2025

PDVSA 2024 Oil Exports Climb In Choppy Year

January 5, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

About Us
About Us

Stay informed with the latest in maritime, offshore, oil & gas, and energy industries. Explore news, trends, and insights shaping the global energy landscape.

For advertising inquiries, contact us at
info@maritime247.com.

Facebook X (Twitter) YouTube LinkedIn
Our Picks

First-of-a-kind Sustainable Crewing Guidelines to Safeguard Seafarer Well-being and Protect Supply Chains from Workforce Crisis

March 31, 2025

Chevron enhancing fault modeling with AI-driven solution

February 18, 2025

What is Search and Rescue Transponder (SART)?

January 14, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

© 2025 maritime247.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Advertising

Type above and press Enter to search. Press Esc to cancel.