CO2 Set to be Sequestered Beneath North Sea Oil Platform

CCS Project in the North Sea: The Greensand project, led by Ineos, aims to store 400,000 tonnes of CO2 annually in a deep reservoir off the Danish coast, utilizing carbon capture and storage (CCS) technology approved by the UN and IEA to combat global warming.

Geological Storage Capacity: The North Sea has significant geological storage potential, with estimates of 70 billion tonnes in Norway and 78 billion tonnes in the UK, while Denmark's Bifrost project could store 335 million tonnes of CO2.

Challenges in Adoption: Despite the EU's target for 50 million tonnes of CO2 storage capacity by 2030, the high costs of capturing, transporting, and storing emissions deter industrial participation, as it remains cheaper to buy carbon allowances.

Public Perception and Environmental Concerns: While offshore CCS may have more public acceptance, critics argue it allows continued fossil fuel use, with environmental groups cautioning that the emissions from the North Sea far exceed what can be mitigated through CCS.