BlueNord has made a strategic investment in CarbonCuts A/S, intending to establish an onshore CO2 storage location in Denmark and address Denmark’s ambitions for onshore storage of CO2.

CarbonCuts A/S was registered as a legal entity in August 2022, specifically to explore the opportunity of CO2 storage in the Rødby area. CarbonCuts A/S is a wholly owned subsidiary of the BlueNord Group, which has funded its activities since October 2022.

The company will contribute to the Paris Agreement’s goal of arresting global warming, with its core business to build, own and operate permanent geological sites for CO2 storage. The target for the first storage of CO2 is 2029. CarbonCuts first project in the Rødby area has received local support and has attracted national and international political interest