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TotalEnergies signs one of the largest CO2 storage projects in Europe in Denmark

2023-02-06T13:07:33.998Z


TotalEnergies will hold 80% of this project called Bifrost and will be its future operator. The oil giant TotalEnergies announced on Monday that it had won two permits in Denmark to explore the potential for burying CO2 more than two kilometers under the ground of the North Sea, with the major objective of imprisoning 5 million tonnes (Mt) per year by 2030. The North Sea is suitable for this type of landfill because its subsoil has the necessary geological properties, and because the re


The oil giant TotalEnergies announced on Monday that it had won two permits in Denmark to explore the potential for burying CO2 more than two kilometers under the ground of the North Sea, with the major objective of imprisoning 5 million tonnes (Mt) per year by 2030.

The North Sea is suitable for this type of landfill because its subsoil has the necessary geological properties, and because the region already has many gas pipelines and storage sites left over from decades of oil and gas exploitation.

The permits won by TotalEnergies cover an area of ​​more than 2,000 km2, approximately 250 km from the Danish west coast.

The area includes the Harald gas fields, operated by TotalEnergies, as well as a saline aquifer likely to accommodate the stored volumes, explains the French group.

Carbon capture and storage (“CCS”) projects, which are still very costly and to their shudder, aim to capture and then trap CO2, a source of global warming and emitted in particular by the exploitation of fossil fuels and heavy industry. .

Once captured at the source, for example on industrial sites, this greenhouse gas must be transported (by boats or old gas pipelines) to be stored in reservoirs (geological cavities, depleted oil and gas fields, etc. ).

Read alsoThe elimination of CO2, a key lever against global warming

In Denmark, TotalEnergies will hold 80% of this project called Bifrost (with the public company Nordsøfonden, at 20%), and will be the future operator.

No cost or funding figures were released.

With another Danish project, called Greensand and led by INEOS and Wintershall DEA, up to 13 million tonnes of CO2 could be captured annually.

"

The Danish basement opens the doors to a new green business adventure with customers across Europe

," said climate and energy minister Lars Aagaard.

The industrialization of CO2 storage means that it will now be (...) cheaper for us to achieve our climate objectives,

” he added, as Denmark aims for carbon neutrality from 2045.

TotalEnergies will first have to carry out detailed assessments “

to develop a project likely, in the long term, to ensure the transport and permanent storage of more than 5 Mt CO2/year

”.

In particular, he will have to determine whether the existing gas pipeline can be converted.

The objective is to carry out in 2025 a first drilling in the aquifer, between 2 and 3 km under the seabed, explains Martin Rune Pedersen, director of TotalEnergies in Denmark.

Other major CCS projects are underway, notably in Norway with the “

Northern Lights

” project, which is due to start in 2024 and ultimately aims for a capacity of up to five million tonnes.

For this, the first trade agreements have been signed with fertilizer manufacturers, a very emitting industry.

Read alsoThe price per ton of CO2, a key lever for green investment

TotalEnergies for its part is now involved in four projects of this type, all in the North Sea, the Danish Bifrost project, the Norwegian Northern Lights, the NEP project in the United Kingdom and the Aramis project in the Netherlands (which aims for 2030 a capacity up to 8 Mt/year).

Faced with the magnitude of global warming, the UN climate experts (IPCC), estimated for the first time, in their latest reference report, that the world will have to resort to CO2 capture and storage, whatever the rate at which it manages to reduce its greenhouse gas emissions.

Some 40 billion tons of CO2 are emitted each year worldwide.

Source: lefigaro

All news articles on 2023-02-06

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