Öresundskraft and Project Greensand eye CO2 storage

A global manufacturer of petrochemicals, speciality chemicals and oil products, INEOS, through the Project Greensand consortium with partners Harbour Energy and Nordsøfonden, is leading the development of one of Europe’s most advanced carbon dioxide (CO₂) storage sites.

The interim storage at the Port of Esbjerg terminal will play a key role in receiving CO₂ from various European countries, including Sweden, for safe injection into offshore subsea geological formations.

Storing CO₂ is essential if Europe is to reach its climate targets. This agreement with Öresundskraft demonstrates how industrial players in different countries can work together to build scalable, international CCS value chains, said Mads Gade, CEO, INEOS Energy Europe.

CCS value chain milestone

This milestone follows a series of major developments in the Greensand project. In December 2024, INEOS and its partners Harbour Energy (previously Wintershall Dea) and Nordsøfonden made the Final Investment Decision (FID) to move ahead with full-scale CO₂ storage operations in the Nini Field.

With the plan to initiate safe and permanent CO₂ storage in the Nini Field by late 2025/early 2026, Greensand is expected to become the EU’s first operational CO₂ storage facility aimed at mitigating climate change.

This investment decision has paved the way for expected investments exceeding 1 billion DKK across the Greensand CCS value chain to scale up storage capacity.

The agreement with Öresundskraft marks the beginning of the next phase of Greensand—expanding the capacity to store CO₂ also from other EU member states. This is a significant step toward building a truly European CCS infrastructure that enables emissions reductions across borders, said Mads Gade.

Cross-border collaboration

The Greater Copenhagen region holds significant potential for carbon capture and storage (CCS) due to its industrial base, infrastructure, and geographic proximity to Sweden.

This cross-border collaboration exemplifies the commitment of Swedish and Danish stakeholders to take action and collaborate on climate solutions, and represents a significant step toward realising the potential of CCS in the region and beyond.

It also underlines the vital importance of international cooperation in achieving climate goals and mitigating global climate change.

This agreement with INEOS marks an important milestone for us. We are at the forefront among our European industry peers when developing a sustainable and fully integrated CCS solution for energy recovery from waste. Our project has been awarded EUR 54 million from the EU Innovation Fund and is one of Sweden’s first CCS initiatives. Our goal is to offer climate-neutral district heating and achieve negative emissions. Connecting Swedish carbon capture with Danish storage infrastructure highlights the importance of international cooperation in reaching climate goals. We are proud to be working with INEOS on this, said Stefan Håkansson, CEO of Öresundskraft.

The first volumes of captured CO₂ from Öresundskraft’s waste-fired Filbornaverket combined heat and power plant (CHP) in Helsingborg for safe and permanent storage in the Greensand storage facility are expected from 2028.

Now that we know where we intend to store the carbon dioxide captured at the Filbornaverket plant, we can take the next step in project planning and start purchasing a relevant transport solution, ended Stefan Håkansson.