Ineos Energy and Royal Wagenborg have signed an agreement on the delivery of carbon dioxide transportation, under which Royal Wagenborg will supply a newly built CO₂ carrier dedicated to Project Greensand, an initiative led by Ineos with partners Harbour Energy and Nordsøfonden.
Project Greensand has already demonstrated safe, cross-border transport of CO₂ for injection into a depleted oil field. In March 2023, in a historic demonstration of climate action, HM King Frederik of Denmark authorised the first injection of CO₂ into Danish subsoil in the North Sea.
The agreement with Royal Wagenborg marks the first deployment of a dedicated CO₂ vessel for Project Greensand, a crucial component in establishing a full CO₂ capture, transport, and storage value chain. This purpose-built CO₂ carrier, designed to meet high standards of safety and efficiency, will facilitate large-scale transport of CO₂ to the Greensand storage site in the Danish North Sea.
David Bucknall, CEO Ineos Energy said: “The lack of dedicated CO₂ carriers has been a bottleneck for advancing CCS projects within Europe. The collaboration between Ineos and Royal Wagenborg serves as a breakthrough moment for the EU’s climate goals, offering a viable solution for large-scale CO₂ transport. The agreement highlights the commitment of Ineos, Royal Wagenborg, and the governments of the Netherlands and Denmark to achieving a sustainable and low-carbon future.”
Mads Weng Gade, Head of Ineos Energy DK said: “Ineos has been in the leading edge of demonstrating safe and efficient storage in the pilot phase of Project Greensand, and we have the ambition to establish the first CO₂ storage within the EU in Greensand by 2026. The agreement between Royal Wagenborg and Ineos is a very important step towards the establishment of the full value chain of CCS on an industrial scale.”
Image: New CO2 carrier for Project Greensand (source: Ineos)
