Industry: "Better than factory closures": Ineos starts first large carbon dioxide storage off the coast of Denmark
Where oil was once extracted, carbon dioxide is now being stored. Chemical company Ineos wants to save Europe's industry with the Danish project. But the technology has a downside.
Sir Jim Ratcliffe, founder of the British Ineos Group, and EU Energy Commissioner Dan Jørgensen have launched a unique carbon capture and storage facility in the Danish North Sea. The Greensand project, located off the coast of Esbjerg, aims to store millions of tons of CO2 emissions from industrial firms permanently in the seabed.
The facility is the first of its kind in the EU and is seen as a milestone in making European industry more climate-friendly. Ratcliffe, known for his criticism of the EU Commission, gave a conciliatory speech at the event.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
