GSD HAS SIGNED THE FIRST CONTRACTS FOR ONSHORE CO2 STORAGE CAPACITY
A BIG STEP CLOSER TO THE GOAL OF INJECTING AND STORING CO2 BY 1 APRIL 2026
From October 25 to November 24, 2023 interested parties could participate in the first tender for onshore CO2 storage in Denmark as part of the CO2RYLUS project, which is a project aimed at demonstrating the entire value chain for onshore CO2 storage – from capture of CO2 over transport to permanent storage in the underground beneath Stenlille, where GSD has more than 30 years of experience in underground storage of natural gas. The project aims to generate new knowledge for the Danish CCS sector.
"The interest for the tender was great, which resulted in us now entering into contracts with national as well as international bidders. The total storage capacity awarded in the tender is 1.77 million tonnes of CO2 over a 10-year period, corresponding to 88% of the offered volume of 2 million tonnes, and is clearly a very good start for the project", says GSD's Managing Director Martin Christensen.
With the signing of contracts, GSD has come a big step closer to the goal of injecting and storing the first CO2 already by 1 April 2026. The next step is to ensure the conditions for a final realization of the project, which includes GSD clarifying various reservations and obtaining the necessary permits from authorities, including the license to CO2 storage in Stenlille, for which the tender is expected to be announced by the Danish Energy Agency within this year.