Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund I (CI ETF I), has partnered with Vestforbrænding, Denmark’s largest waste-to-energy company, to establish a joint venture aimed at developing, building, and operating a carbon capture facility in Glostrup, Denmark. CI ETF I will have a majority holding in both the construction and operational phases, and Vestforbrænding will supply flue gas, which is the CO2-capture service provider.
Carbon Capture and Storage Facility
The Vestforbrænding waste-to-energy facility will abate about 500,000 tonnes of CO2 per year. This procedure moves CO2 for permanent geological storage while helping Vestforbrænding achieve its target of carbon-neutral operations and help corporate offtakers meet the climate action goals. Emission savings will represent around 11% of the total annual emissions in the Greater Copenhagen area in 2021.
Supporting Climate Goals
The project would support Denmark’s lofty climate ambitions, with the storage of 2.4 million tonnes of CO2 permanently by 2030 and 34 million tonnes by 2045. Revenues from long-term agreements for high-quality carbon removal certificates (CRCs) based on biogenic CO2 captured will also underpin the project. Waste heat from the carbon capture process will provide sustainable energy to the district heating network, benefiting local municipalities.
Steen Neuchs Vedel, CEO at Vestforbrænding, emphasized the importance of this initiative, stating, “It is imperative for Vestforbrænding and our owners, that we reduce our direct climate and environmental impact to a minimum. This is why our board has set a goal for achieving carbon neutrality by 2030.”
He added, “We are dedicated to achieving this, and with this partnership with CIP, we are even more hopeful. Now our focus is our cooperation with CIP, so that the two parties can work hard and closely on establishing a carbon capture facility at Vestforbrænding. Achieving this will be a substantial contribution to achieving Denmark’s climate targets.”
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The project needs project agreements and approval from Danish authorities under the Investment Screening Act to move forward. Additionally, the success of the facility will depend on securing subsidies from the Danish CCS fund, managed by the Danish Energy Agency.