Norway's Normod Carbon to Build €250m CO2 Hub in Denmark by 2029
Norway's Normod Carbon has secured exclusive rights and customer commitments with the Port of Grenaa in Denmark to develop a €250m carbon dioxide storage hub. The project, set to start in 2029, will handle up to 10 million tonnes of CO2 a year, supporting Denmark's transition to a low-carbon economy. Normod has already signed letters of intent with four industrial operators for 6.4 million tonnes per annum (mtpa), covering the first phase of the project. The Grenaa hub will serve as an intermediate storage site, reducing CO2 transport and storage costs by over 25%. It will temporarily store CO2 before shipping it to permanent offshore or onshore storage sites. This approach aligns with wider efforts across Northern Europe to create a connected CO2 transport and storage network, similar to projects like Norway's Northern Lights and the Netherlands' Porthos. The Grenaa hub is part of Normod's ambition to develop the region's largest network of CO2 hubs. This network aims to bring together over 20 million tonnes per year for storing or using CO2. More than 80% of Normod's CO2 portfolio is biogenic in origin, supported by permanent CO2 removal certificates. By investing in such projects, Denmark could become a complementary node in the emerging CO2 'superhighway', underpinning cross-border carbon management while supporting the scale-up of CCS and carbon removal. The Port of Grenaa's €250m CO2 storage hub, developed by Normod Carbon, is set to start operations in 2029. With initial customer commitments for 6.4 mtpa, the hub will reduce CO2 transport and storage costs. This project contributes to Denmark's goal of becoming a key player in the transnational CO2 transport and storage network, supporting the country's transition to a low-carbon economy.
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