Britain's INEOS and partners to invest in CO2 storage off Denmark
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
0mins
Source: Reuters
INEOS CO2 Storage Project: INEOS has made a final investment decision to build the Greensand Future CO2 storage project off Denmark, which aims to inject up to 400,000 tonnes of CO2 annually from biomethane plants into a depleted oilfield starting in late 2025 or early 2026.
Investment and Capacity Expansion: The project, supported by a Danish government grant, is expected to involve over $150 million in investments and has the potential to expand its storage capacity to 8 million tonnes by 2030, leveraging existing infrastructure for cost efficiency.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
