Denmark puts off tender for second CO2 storage licences

The Danish Energy Agency has postponed the second tender round of carbon dioxide (CO2) storage licences in the North Sea.

The tender was set to open on August 15, 2023, according to the executive order on CO2 storage license tenders, with a deadline of October of the same year.

The first tender round was opened in August last year resulting in three licenses awarded.

In March 2023, a carbon capture and storage project called Greensand marked its first injection of CO2 into a depleted oil field in the Danish North Sea.

A consortium of 23 organisations led by UK-based chemicals giant Ineos and Wintershall Dea demonstrated for the first time the feasibility of CO2 storage from being captured at an Ineios Oxide site in Belgium, to being transported cross-border and permanently stored offshore.

The Danish government backed the project with €26m in public funding.

“Before the second tender round can be initiated, a clarification must be reached, regarding whether the state participation share in future licenses should be higher,” the agency said in a release, adding that it expects a new starting date for the tender round will be set later in 2023.

The move does not affect current licenses or the upcoming onshore tender round.

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