Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Sable faces setback as Newsom seeks more restrictions for offshore oil

September 9, 2025

McDermott wins key engineering work for Monkey Island LNG

September 9, 2025

McDermott wins key engineering work for Monkey Island LNG

September 9, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » INEOS Declares Milestone for Europe with Launch of CO2 Carrier
Middle East

INEOS Declares Milestone for Europe with Launch of CO2 Carrier

omc_adminBy omc_adminMay 15, 2025No Comments4 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


INEOS Group and its partners on Wednesday named and launched what they call the first Europe-built carbon dioxide (CO2) carrier for capture and storage.

Adapted for handling CO2 under pressure and at low temperatures, Carbon Destroyer 1 was built at the Royal Niestern Sander shipyard in the Netherlands to serve the Denmark-based Project Greensand. The vessel used the EasyMax design developed by Dutch shipping majors Royal Wagenborg and Royal Niestern Sander.

The Project Greensand partners – diversified British company INEOS, London-based Harbour Energy PLC and Danish national oil and gas company Nordsøfonden – expect the ship and the other CCS components to become fully operational by the end of 2025 or early 2026. Project Greensand aims to store 400,000 metric tons a year of CO2, with plans to ramp up to as much as 8 million metric tons annually by 2030.

“The launch of Carbon Destroyer 1 is an important next step for Carbon Capture and Storage in Europe. We are demonstrating that Carbon Storage is commercially viable and a far better way to decarbonize Europe without its deindustrialization”, INEOS chair Jim Ratcliffe said in a joint statement by the Project Greensand partners and the shipbuilders.

Wagenborg chief executive Egbert Vuursteen said, “As the first European-built offshore CO2 carrier, this vessel positions us – and our partners – at the forefront of the energy transition in Europe”.

In Denmark’s Port of Esbjerg construction is underway on a new CO2 terminal that will serve as the onshore hub for receiving, storing and loading liquefied CO2 onto Carbon Destroyer 1. The terminal is designed to have six large storage tanks and infrastructure to support continuous and scalable CO2 transport to the offshore storage site.

Captured CO2, initially from Danish biogas plants, will be delivered to the terminal by truck, temporarily stored then transferred to the vessel. From the terminal, the vessel will sail to the INEOS-operated Nini field, where the CO2 will be injected over 1,800 meters (5,905.51 feet) under the seabed into depleted oil reservoirs.

Project Greensand is the first of its kind in the world to demonstrate that captured CO2 can be transported cross-border and stored offshore, according to INEOS. It had its demonstration March 2023, injecting CO2 transported from Belgium into the Nini field on Denmark’s side of the North Sea.

To contact the author, email jov.onsat@rigzone.com


What do you think? We’d love to hear from you, join the conversation on the

Rigzone Energy Network.

The Rigzone Energy Network is a new social experience created for you and all energy professionals to Speak Up about our industry, share knowledge, connect with peers and industry insiders and engage in a professional community that will empower your career in energy.

element
var scriptTag = document.createElement(‘script’);
scriptTag.src = url;
scriptTag.async = true;
scriptTag.onload = implementationCode;
scriptTag.onreadystatechange = implementationCode;
location.appendChild(scriptTag);
};
var div = document.getElementById(‘rigzonelogo’);
div.innerHTML += ” +
‘RIGZONE Empowering People in Oil and Gas‘ +
”;

var initJobSearch = function () {
//console.log(“call back”);
}

var addMetaPixel = function () {
if (-1 > -1 || -1 > -1) {
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);

/*End Meta Pixel Code*/
} else if (0 > -1 && 88 > -1)
{
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);
/*End Meta Pixel Code*/
}
}

// function gtmFunctionForLayout()
// {
//loadJS(“https://www.googletagmanager.com/gtag/js?id=G-K6ZDLWV6VX”, initJobSearch, document.body);
//}

// window.onload = (e => {
// setTimeout(
// function () {
// document.addEventListener(“DOMContentLoaded”, function () {
// // Select all anchor elements with class ‘ui-tabs-anchor’
// const anchors = document.querySelectorAll(‘a .ui-tabs-anchor’);

// // Loop through each anchor and remove the role attribute if it is set to “presentation”
// anchors.forEach(anchor => {
// if (anchor.getAttribute(‘role’) === ‘presentation’) {
// anchor.removeAttribute(‘role’);
// }
// });
// });
// }
// , 200);
//});



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Malaysia Tightens Security at Petronas LNG Plants

September 9, 2025

ENGIE Partners with Prometheus for Texas Data Centers

September 9, 2025

Will Technical Resistance for Oct NatGas Contract Hold?

September 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Sable faces setback as Newsom seeks more restrictions for offshore oil

By omc_adminSeptember 9, 2025

(Bloomberg) — Governor Gavin Newsom is seeking to impose further restrictions on California’s offshore oil…

McDermott wins key engineering work for Monkey Island LNG

September 9, 2025

Industry job losses and $2 billion cuts threaten U.S. oil output growth

September 9, 2025

Diversified Energy acquires Canvas in $550 million deal to boost Oklahoma production

September 9, 2025
Top Trending

Workiva Launches New Agentic AI Platform for Sustainability, Finance, GRC Solutions

By omc_adminSeptember 9, 2025

Labor under internal pressure to commit to at least 70% emissions reduction by 2035 | Australian politics

By omc_adminSeptember 9, 2025

Electric Hydrogen Acquires Ambient Fuels, Partners with Generate Capital to Develop and Finance Clean Hydrogen Projects

By omc_adminSeptember 9, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

McDermott wins key engineering work for Monkey Island LNG

September 9, 2025

Sable faces setback as Newsom seeks more restrictions for offshore oil

September 9, 2025

Industry job losses and $2 billion cuts threaten U.S. oil output growth

September 9, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.