Morning Fuel Webinar – Hosted by COWI

Did you miss our webinar? No need to worry – watch the recording below. 

According to the IPCC, capture and storage of 730 billion tons of CO₂ by 2100 is needed to meet the Paris Agreement goal to keep global warming below 1.5 °C . For Denmark, CCS is crucial in meeting the stated ambitions of reducing emissions by 70% by 2030 and reaching climate neutrality by 2045, contributing to 3.2 million tons of CO₂ reductions annually by 2030. Significant public funding has therefore already been made available for the development of CCS projects, totalling more than 5 billion EUR (38 billion DKK).

At the same time, captured CO₂ is a key feedstock for green methanol, e-SAF, and other synthetic fuels, offering a viable decarbonization pathway for sectors where electrification is not an option. With ambitious plans to deploy 4–6 GW of electrolysis capacity by 2030, Denmark aims to produce large-scale green hydrogen, which, when combined with captured CO₂, forms the backbone of the future e-fuel industry.

While carbon capture is not a new technology, implementing it at this this scale presents new challenges. Much focus has so far been dedicated to reducing costs and improving efficiency. What is increasingly clear across projects, though, is that a well-functioning value chain is pivotal for succeeding. All actors across the entire chain – from capture to transport to utilization and storage of CO₂ – must therefore be fully aligned in terms of timelines, capacities and not least, financial interactions.

What is the price of CO₂? What are the main cost drivers and incentives for CCUS? And how do these play into developing a well-functioning CCUS value chain?  

To get more insights on this topic, we have gathered high-level representatives from key stakeholders who are actively shaping and managing the CCUS value chain:

•    Kathrine Høeg Johansen, Program Director, Ørsted, Kalundborg CO2 Hub
•    Søren Reinhold Poulsen, Head of Producing Asset and CCS, Ineos Denmark
•    Jens Ole Madsen, Market Director, Green Fuels, COWI 

The session was narrated by Valeria Guerrieri Fussinger, Associate Director, COWI

Check out the webinar here: