North Sea: Denmark awards CO2 storage licenses

Denmark has awarded its first three licenses allowing companies to store CO2 under the seabed of the North Sea on a larger scale. The permits went to the TotalEnergies group and a consortium comprising the companies Ineos and Wintershall Dea, the Danish climate and energy ministry announced on Monday. This means that work could begin immediately. It is expected that the two projects will be able to store up to 13 million tons of carbon dioxide per year under the Danish part of the North Sea, starting in 2030.