INEOS led project Greensand and Royal Wagenborg sign agreement on carbon dioxide carrier

Greensand 1 project partners sign contract with Royal Wagenborg for carbon dioxide transport and storage

A contract has been signed between the Greensand 1 project partners, led by INEOS, and Royal Wagenborg for the transport and storage of carbon dioxide (CO2) captured from the INEOS cracker at Rafnes, Norway.

The Greensand 1 project is one of the world's first full-scale carbon capture and storage (CCS) projects. The project will capture CO2 from the INEOS cracker at Rafnes and transport it by ship to a storage site in the Danish North Sea. The CO2 will be stored in a geological formation deep beneath the seabed.

The contract with Royal Wagenborg includes the design, construction, and operation of a specialized carbon dioxide carrier. The carrier will be equipped with a carbon capture and storage system that will allow it to transport and store CO2 safely and efficiently.

The Greensand 1 project is an important step forward in the development of CCS technology. CCS is a key technology for reducing greenhouse gas emissions and mitigating climate change. The project will help to reduce Norway's greenhouse gas emissions by 1.5 million tonnes per year.

Key facts about the Greensand 1 project:

• The project is led by INEOS, a global petrochemicals company.
• The project will capture CO2 from the INEOS cracker at Rafnes, Norway.
• The CO2 will be transported by ship to a storage site in the Danish North Sea.
• The CO2 will be stored in a geological formation deep beneath the seabed.
• The project will reduce Norway's greenhouse gas emissions by 1.5 million tonnes per year.