CarbonCuts is a newly established early-stage initiative with the goal of establishing an onshore CO2 storage location. CarbonCuts is key to addressing Denmark’s ambitions for onshore storage of CO2.
BlueNord provides financial, technical, and commercial support. The Danish Energy Agency has previously selected the relevant areas with geological structures suitable for CO2 storage. There is currently a feasibility study underway for a CO2 storage facility at the Rødby coastline, onshore Denmark with the project name Ruby. BlueNord is funding this phase with approximately USD 3 million.
The first storage for CO2 is expected in 2027. The project has quickly received local support and has attracted national and international political interest.
BlueNord made a strategic investment in CarbonCuts, a start-up company focused on assessing the potential for onshore CCS in Denmark.