Industry: "Better than factory closures": Ineos launches Europe's first large-scale carbon dioxide storage facility 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, has launched a unique carbon dioxide storage facility in the Danish North Sea with EU Energy Commissioner Dan Jørgensen. The Greensand project aims to permanently store millions of tons of CO2 emissions from industrial firms in the seabed, rather than releasing them into the air.
The facility, located off the coast of Esbjerg, Denmark, marks a milestone in efforts to make 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.
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