INEOS takes FID on Project Greensand North Sea CCS

INEOS Group Ltd., with partners Harbour Energy PLC and Danish-state Nordsøfonden, has taken final investment decision (FID) on the first commercial phase of its Project Greensand carbon capture and storage (CCS) project. INEOS describes Project Greensand—expected to enter service end-2025 or early 2026—as the European Union’s (EU) first full-scale CCS site.  

Greensand will initially store 400,000 tonnes/year (tpy) of CO₂ in the depleted, INEOS-operated, Nini oil field in the Danish North Sea. The project partners plan to gradually expand this to as much as 8 million tpy by 2030. 

Phase 1 CO₂ will be captured and liquified at Danish biomethane production plants, transported to the port of Esbjerg, and then shipped by Royal Wagenborg to Nini field for storage. 

The European Commission has estimated that the EU will need to establish a carbon storage capacity of 250 million tpy by 2040 to achieve the objectives of the Paris Agreement. CCS is also considered a key technology in reaching Danish 2045 net-zero targets.  

FID paves the way for expected investments of more than $150 million across the Greensand CCS value chain. Greensand has entered commercial agreements across the project’s supply chain, from CO₂ emitters, to logistics, storage, and shipping.

In September 2024 INEOS E&P AS successfully demonstrated Project Greensand, receiving technical verification and the go-ahead to begin receiving commercial volumes of CO₂.