Aalborg Portland has signed an agreement with the Danish Energy Agency on support for CO2 capture of approx. DKK 875 per tonne of captured CO2, equivalent to up to DKK 1.1 billion annually over 15 years.
“"This is a landmark day for Aalborg Portland and for Danish CO2 capture. With the agreement, we can now take the decisive step towards realising a project that is not only large in a Danish context, but is among the largest industrial CO2 capture projects in Europe. The project can put Denmark at the forefront of CCS and show the rest of Europe how heavy industry can be transformed at scale,"”
Søren Holm ChristensenCEO of Aalborg Portland.
With the project, called ACCSION, Aalborg Portland is taking a decisive step in its climate plan towards the goal of becoming CO2-neutral in its own direct emissions in 2030. Once operational, the project is expected to deliver more than half of the Danish CCS fund’s total target of capturing 2.3 million tonnes of CO2 annually. The project will thus make a significant contribution to Denmark’s climate targets while strengthening the long-term competitiveness of Danish industry in the green transition.
This is crucial for the construction industry and for society at large, because cement will remain a necessary part of future buildings and infrastructure.
“We are both proud and humble to have signed an agreement that is not only crucial for Aalborg Portland’s own transition, but that can also leave a very clear mark on Denmark’s climate targets. With the project, we truly become part of the solution and can write Danish climate history with the most significant transformation ever in Danish business – and with the largest single contribution to Denmark’s climate targets,” says Søren Holm Christensen.
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them.
