Funding application for CO2 capture project

The Amager Resource Center (ARC) in Copenhagen creates electricity and heat from waste matter and a proposed CO2 capture facility could reduce its emissions by 500,000 tonnes of CO2 annually. The plan is for CMP to become a central party in storing and distributing the captured CO2 to ships that sail the gas to storage in old North Sea oil fields.

“CMP is extremely excited to be part of this project, which has a colossal potential to contribute to reducing CO2 emissions in Copenhagen,” said Barbara Scheel Agersnap, CEO of Copenhagen Malmö Port. “For CMP, this is an excellent example of how the port can play an active role in the green transition and be part of new pioneering climate technology, which can hopefully serve as inspiration for similar projects with CO2 capture not only in Denmark but also abroad. Therefore, I hope that we get a positive response from the EU as a first step on the way to realising the project.”

Once the CO2 is captured, it will be transported via a short pipeline to special tanks at CMP’s nearby terminal on Prøvestenen. From here, the CO2 will be pumped aboard ships, which sail it further out to the North Sea, where it will be stored in drained and empty underground oil reservoirs.

At the end of October, ARC in collaboration with CMP applied to the climate action EU Innovation Fund to receive funding for both the establishment of the facility, which is scheduled for completion in 2025, and its operations. The amount of financial support being applied for is in the range of DKK 0.5-1bn, which will finance up to 60% of the costs of the establishment of the facility and its operations for the first ten years.