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New Carbon Capture & Storage partnership to boost CO2 trade

A new alliance between actors in carbon capture and storage  was announced. Danish Shipping is one of the initiators of the new Carbon Capture & Storage Europe, along with a wide range of companies and organisations.

A new European alliance on CCS has been launched.

At an event in the European Parliament, a coalition of companies, industry associations, and NGOs was announced with the aim of promoting the proliferation of CCS in Europe.

Danish Shipping is among the initiators of the new coalition, called Carbon Capture & Storage Europe.

“CCS is an important part of the EU’s ambitious goal of achieving climate neutrality by 2050. We need to spread the use of CCS, which is a technology that is already proven to work. We can do this, among other things, by creating a single market for the transport of CO2,” says Jacob K. Clasen, Deputy CEO of Danish Shipping.

Up to 50 million tons of CO2 will need to be stored in the European underground by 2030 as part of EU’s net-zero plan.

A dedicated CCS strategy from the EU is expected to be announced in the middle of this year, and it can hopefully help pave the way for an integrated European market for CO2 that needs to be transported and stored.

“We have recently inaugurated Project Greensand in Denmark, which proves that CCS is an accessible technology and opportunity. Therefore, the transport of CO2 will soon be a new opportunity for shipping companies, which can provide a flexible and cost-effective transport solution to the storage facilities. We believe that CCS is an integral part of the future, but we need to create a market as soon as possible,” says Jacob K. Clasen.

The following are members of the new Carbon Capture & Storage Europe coalition: Aker Carbon Capture, Baker Hughes, Bellona, Clean Air Task Force, the Confederation of European Waste-to-Energy Plants (CEWEP), CO2 management, Danish Shipping, Dow, E3G, the European Lime Association (EuLA), General Electric (GE), and Novozymes.

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