The Danish Power Company has launched tenders value $4.2bn to construct a carbon seize and storage community.
The tenders cowl the seize, transportation and geological storage of fossil, biogenic or atmospheric carbon dioxide over a 15-year contract interval.
Profitable corporations should fee their services by 1 December 2029, and start the total seize and storage course of by the top of 2030.
Peter Christian Baggesgaard Hansen, the company’s deputy director basic, commented that the tender would “be sure that we get the best carbon dioxide reductions from the funds allotted by politicians”.
Carbon seize and storage is likely one of the most vital instruments for attaining nationwide and worldwide local weather targets. The European Fee has beneficial capturing and storing roughly 50 million tonnes of carbon dioxide by 2030 to attain web zero carbon by 2050.
The UN’s Intergovernmental Panel on Local weather Change estimates that 730 billion tonnes of carbon dioxide should be saved globally by 2100 to satisfy the objective of the 2016 Paris Settlement.
In accordance with the company the tenders are designed to make sure most competitors between suppliers. These will enter bids to seize and retailer a set quantity of carbon at a sure value per tonne over the course of a yr.
The deadline for purposes from potential tenderers to be pre-qualified is 25 March 2025.
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