CarbonCuts
BlueNord has made a strategic investment in CarbonCuts A/S to support the development of onshore CO₂ storage in Denmark, aligned with the country’s broader climate and decarbonisation ambitions.
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 today 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.
In June 2024, CarbonCuts was awarded an exploration licence in Rødby. Under this licence, CarbonCuts conducts a range of subsurface activities to develop a thorough understanding of the underground, ensuring CO₂ can be stored safely and assessing the capacity of a potential storage site.
In 2025, CarbonCuts conducted a 3D seismic survey covering more than 220 km² and is currently assessing two oil and gas exploration wells from the 1950s, as well as preparing an exploration well.
CarbonCuts is also engaged in dialogue with a wide range of stakeholders, including emitters, authorities, suppliers, and local citizens. The goal is to launch an economically sustainable storage solution, with accompanying infrastructure, that contributes to fulfilling Denmark’s climate goals and serves as an example for CO₂ storage globally.
