EMEA > Denmark strikes first full-scale CCS deal, Microsoft agrees to buy chunk of removals

Denmark strikes first full-scale CCS deal, Microsoft agrees to buy chunk of removals

Published 16:49 on May 15, 2023  /  Last updated at 13:20 on February 21, 2024  / /  EMEA, EU ETS, Voluntary

The Danish Energy Agency (DEA) announced on Monday the signing of a 20-year contract with utility Orsted to support the delivery of a full-scale CCS project that aims to trap 430,000 tonnes of CO2 a year, while additional funding will come from tech giant Microsoft agreeing to buy resulting carbon removals.
The Danish Energy Agency (DEA) announced on Monday the signing of a 20-year contract with utility Orsted to support the delivery of a full-scale CCS project that aims to trap 430,000 tonnes of CO2 a year, while additional funding will come from tech giant Microsoft agreeing to buy resulting carbon removals.


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