The EU is allocating nearly €2m in project finance funding to support carbon capture utilisation and storage (CCUS) in Denmark’s Øresund region.
The funding, comprising a budget of €1.2m and ‘contribution’ of €740,000, falls under the Interreg Øresund-Kattegat-Skagerrak cooperation programme involving Denmark and Sweden.
The ambition of the three-year project is to make CCUS an integrated, cross-border element of the energy system, where captured biogenic CO₂ is combined with green hydrogen and renewable energy to produce fuels for shipping and aviation.
Copenhagen Malmö Port (CMP), through its innovation-oriented Ocean Valley, is the lead project partner, and the consortium also includes E.ON Energy Infrastructure, Green2x, Nordion Energi, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Sustainable Business Hub Scandinavia, SYSAV, Öresundskraft, CLEAN, and Copenhagen Capacity.
Joint strategies will be developed for areas such as value chain synergies, CO₂ commercialisation, political coordination, international branding, and financing.
Opportunities for future regional initiatives within the EU will also be explored, focusing on interconnecting energy systems across borders and strengthening supply security and the green transition in Europe.
Kristoffer Møller Vendelbo, Project Manager for Ocean Valley, said, “With the EU funding, we can bring together stakeholders across borders and systematically move from isolated national initiatives to exploring how we can best support a coordinated, cross-border ecosystem for CCUS and renewable energy.”
Barbara Scheel Agersnap, CEO, CMP, said with its infrastructure, partner network, and strong maritime position, it can help realise a CCUS corridor in Øresund, reduce emissions, and support the supply of sustainable fuels for the future, which are in high demand. “This is a strategic step for both CMP and the region and a concrete contribution to Europe’s green transition,” she said.