The Copenhagen Malmö Port (CMP) and Amager Resource Center (ARC), a municipal waste collector, have partnered to apply for EU funds to set up and operate a CO2 capture facility.
ARC and CMP will submit an application to the climate action EU Innovation Fund to receive funding in the range of DKK500m-1.0b (approx. €65-130m), a sum expected to cover up to 60% of the costs of establishing the facility, scheduled for completion in 2025, as well as running it for the first decade.
The waste management site managed by ARC is located close to CMP's Prøvestenen dry & liquid bulk harbour, to which the new facility will be connected by a pipeline. Captured CO2 will be stored on-site for shipping to the North Sea where it'll be deposited in old oil fields.
The facility will reduce ARC's CO2 emissions by 500kt/year from today's 560kt. It'll form part of the City of Copenhagen's goal of becoming the world's first carbon-neutral capital as well as Denmark's aim of reducing its carbon footprint by 70% by 2030 (ARC's 500kt equals to about 1% of the country's annual emissions).
"CMP is extremely excited to be part of this project, which has a colossal potential to contribute to reducing CO2 emissions in Copenhagen. For CMP, this is an excellent example of how the port can play an active role in the green transition and be part of new pioneering climate technology, which can hopefully serve as inspiration for similar projects with CO2 capture not only in Denmark but also abroad. Therefore, I hope that we get a positive response from the EU as a first step on the way to realising the project," Barbara Scheel Agersnap, CEO, CMP, commented.
Jacob H. Simonsen, Managing Director, ARC, added, "It is absolutely vital that we have such a strong partner such as CMP on-board the project, which will make Copenhagen the world's first climate-neutral capital city by 2025. As an added benefit, we can create local, green workplaces and an infrastructure for handling captured CO2 that potentially can be used by a number of other large CO2 emitters in the metropolitan area. Therefore, it is urgent to obtain the financing and have the framework conditions in place in a good and close dialogue with our joint owners and [...] the Danish Parliament."
Photo: Perry Nordeng/CMP