The consortium partners behind Project Greensand have taken the final investment decision (FID) for what is the first full-scale carbon storage facility in the EU, investing $150 million in commercial agreements across the entire value chain, from CO2 emitters to logistics, storage, and shipping.
On December 9, INEOS Energy, the day-to-day operator, with its partners Harbour Energy and Nordsøfonden (the Danish North Sea Fund) reached the FID to invest in the Greensand Future Project, which is the first commercial phase of the Greensand project that will establish Denmark’s first CO2 storage site at the Nini field in the Danish North Sea.