Highlights

INEOS to store CO2 in North Sea. EU's first offshore CO2 site. Aims for 8M tons by 2030.

Latest news

AAP alleges detention of Gujarat chief Isudan Gadhvi in Khambhalia, raises questions over police action

AAP alleges detention of Gujarat chief Isudan Gadhvi in Khambhalia, raises questions over police action

AAP alleges targeted FIR campaign against workers in Gujarat

AAP alleges targeted FIR campaign against workers in Gujarat

Ratnaveer Precision Engineering Limited to invest Rs. 338 crore

Ratnaveer Precision Engineering Limited to invest Rs. 338 crore

"This move goes beyond applause, gives performers a financial identity": Sonu Nigam on ISAMRA's Rs.100 Crore royalty distribution

"This move goes beyond applause, gives performers a financial identity": Sonu Nigam on ISAMRA's Rs.100 Crore royalty distribution

"Not fully aware of the details": Keralam Chief Minister Pinarayi Vijayan reacts to Ranjith's arrest

"Not fully aware of the details": Keralam Chief Minister Pinarayi Vijayan reacts to Ranjith's arrest

Della Resorts hosts Ram Navami celebrations in Lonavala, bringing together over 5,300 attendees

Della Resorts hosts Ram Navami celebrations in Lonavala, bringing together over 5,300 attendees

The 'Perfect Colourants' Growth Story: Driven by Mr. Madan Humad Since 1987 as India's Leading Masterbatch and Compound Manufacturer & Exporter

The 'Perfect Colourants' Growth Story: Driven by Mr. Madan Humad Since 1987 as India's Leading Masterbatch and Compound Manufacturer & Exporter

GST collections rise 8.8% in March to Rs 2 lakh crore; steady annual growth at 8.3%

GST collections rise 8.8% in March to Rs 2 lakh crore; steady annual growth at 8.3%

North Sea Carbon Storage: Denmark's Bold Climate Move

The North Sea's Nini oil field now serves as Europe's first offshore CO2 storage site led by INEOS. Plans target 8M tons of CO2 storage annually by 2030, amid EU goals to reduce emissions.

North Sea Carbon Storage: Denmark's Bold Climate Move

North Sea (Denmark) — On Nov 26, a distant dot on the horizon gradually transforms into the isolated Nini oil field on Europe’s rugged North Sea, as spotted from a helicopter. Once a site for fossil fuel extraction, this field is now stepping into a new role: the permanent storage of climate-altering carbon dioxide beneath the seabed.

In a process almost akin to reverse oil extraction, chemical giant INEOS intends to inject liquefied CO2 deep into depleted oil reservoirs, reaching depths of 1,800 meters beneath the seabed. The Associated Press gained rare access to the Siri platform, near the unmanned Nini field, marking the final phase of INEOS' carbon capture and storage initiative, dubbed Greensand Future.

Upon commencing commercial operations next year, the Greensand project is poised to become the European Union's first fully-operational offshore CO2 storage facility. While environmentalists acknowledge the role of carbon capture and storage (CCS) in combating climate change, they caution against industries using it as an excuse to postpone reducing emissions.

Future Plans — Mads Gade, CEO of INEOS Energy Europe, outlines plans to start by storing 400,000 tons (363,000 metric tons) of CO2 annually, with ambitions to scale up to 8 million tons (7.3 million metric tons) by 2030. “Denmark has the capability to store more than several centuries' worth of our own emissions,” Gade asserts. “We can establish an industry that supports Europe in storing considerable amounts of CO2 here.”

The Greensand project has already secured agreements with Danish biogas facilities to sequester their captured carbon emissions in the Nini field’s depleted reservoirs. In addition, a “CO2 terminal” is being constructed at the Port of Esbjerg on Denmark’s western Jutland peninsula, while a custom-built vessel, "Carbon Destroyer 1," is in the works in the Netherlands.

Climate Solution — Advocates of carbon capture technology describe it as a climate solution due to its ability to remove the leading greenhouse gas driver of climate change and confine it underground. They emphasize that the Intergovernmental Panel on Climate Change, the foremost global climate science authority, recognizes the technology as a key tool against global warming.

The European Union aims to develop infrastructure to store at least 250 million tons (227 million metric tons) of CO2 annually by 2040, aligning with goals to achieve “net zero” emissions by 2050. Gade contends that carbon capture and storage are among the most effective methods for reducing emissions. "We don't want to deindustrialize Europe," he states. "Instead, we intend to utilize various tools to achieve decarbonization."

According to Denmark's geological survey, the Greensand sandstone rock is ideally suited for storing liquefied CO2. Approximately a third of the rock's volume consists of tiny cavities, according to Niels Schovsbo, senior researcher at the Geological Survey of Denmark and Greenland. “There are no adverse reactions between the reservoir and the injected CO2, and the overlying seal rock maintains sufficient pressure containment capacity, ensuring a secure storage site,” Schovsbo adds.

Limitations and Criticism — Despite the global presence of carbon capture facilities, the technology is not yet fully scalable, often relying on fossil fuels for its operations and capturing only a minute portion of worldwide emissions. While the Greensand project targets burying up to 8 million tons (7.3 million metric tons) of CO2 annually by 2030, the International Energy Agency reports that global CO2 emissions reached approximately 38 billion tons (34.5 billion metric tons) last year.

Environmental activists argue that CCS is being misused as a rationale for delaying significant emission reductions. Helene Hagel, head of climate and environmental policy at Greenpeace Denmark, suggests, “CCS could be reserved for the few sectors where emission reductions are truly challenging or impossible, but relying on CCS across all sectors detracts from necessary emission reductions.”

As INEOS ramps up its carbon storage endeavors, it also seeks to initiate development in another previously untapped North Sea oil field. “Minimizing the carbon footprint linked to energy imports versus domestic production is crucial to Europe’s transition,” asserts Gade, defending the company’s strategy. “Our efforts align with creating a sustainable transition for Europe.”

(Only the headline of this report may have been reworked by Editorji; the rest of the content is auto-generated from a syndicated feed.)

ADVERTISEMENT

Up Next

North Sea Carbon Storage: Denmark's Bold Climate Move

North Sea Carbon Storage: Denmark's Bold Climate Move

Trump threatens to destroy Iran oil island despite price surge

Trump threatens to destroy Iran oil island despite price surge

Rapper-turned-politician Balen Shah becomes Nepal’s youngest democratically elected PM

Rapper-turned-politician Balen Shah becomes Nepal’s youngest democratically elected PM

Iran warns civilians as Trump says talks 'going well'

Iran warns civilians as Trump says talks 'going well'

Trump says Iran 'better get serious' in Mideast war talks

Trump says Iran 'better get serious' in Mideast war talks

Trump announces 'very good' US-Iran talks, halts strikes on power plants; Iran denies any negotiations

Trump announces 'very good' US-Iran talks, halts strikes on power plants; Iran denies any negotiations

ADVERTISEMENT

editorji-whatsApp

More videos

Netanyahu visits site of Iranian missile attack, claims US-Israel fighting for entire world

Netanyahu visits site of Iranian missile attack, claims US-Israel fighting for entire world

Israel launches wave of strikes on south Lebanon, hits bridge

Israel launches wave of strikes on south Lebanon, hits bridge

Iran military says to completely close Strait of Hormuz if US targets power plants

Iran military says to completely close Strait of Hormuz if US targets power plants

Trump labels NATO allies 'cowards' over lack of military support against Iran

Trump labels NATO allies 'cowards' over lack of military support against Iran

Sri Lanka rejects US request to station warplanes, asserts neutrality

Sri Lanka rejects US request to station warplanes, asserts neutrality

Middle East war: US counterterrorism official resigns, says 'war started under Israel's pressure'

Middle East war: US counterterrorism official resigns, says 'war started under Israel's pressure'

Israel claims killing of Iran’s security chief Ali Larijani amid escalating Middle East war

Israel claims killing of Iran’s security chief Ali Larijani amid escalating Middle East war

New Iranian supreme leader calls for defiance, keeps key waterway shut

New Iranian supreme leader calls for defiance, keeps key waterway shut

White House area shut down after van breaches security barricade

White House area shut down after van breaches security barricade

Israel orders troops to seize new positions in Lebanon

Israel orders troops to seize new positions in Lebanon

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.