In an unprecedented move, Denmark has secured the largest government procurement of continuous carbon removal equipment (CDR).
The deal, valued at approximately $166 million, is the second-largest deal to date, after the mega deal between Microsoft and carbon removal company Ørsted to buy 2.76 million tonnes of CDR. .
Denmark has agreed to purchase a total of 1.1 million tonnes of durable carbon removal equipment from three companies: BioCirc, Bioman ApS and Carbon Capture Scotland.
All three companies specialize in providing biogenic CDR solutions and will collectively deliver a total of 160,350 tonnes of CO2 removal per year over seven years from 2026 to 2032.
According to an official statement from the Danish Energy Agency, “this is equivalent to the annual CO2 absorption from approximately 16,000 hectares of forest.”
Related: New Orsted carbon capture project helps Denmark reduce emissions
“All three projects are expected to develop and mature the CCS value chain in Denmark,” the statement said.
And in all three cases, the CO2 removed from the atmosphere is to be locked up in permanent storage on Danish territory.
Related: Five Nordic countries sign CO2 transport and storage agreement
The significant announcement comes after five Nordic countries, including Denmark, Sweden, Norway, Belgium and the Netherlands, signed an agreement on the transport and storage of carbon dioxide in the North Sea.
Previously, the Danish government had also concluded separate agreements with Belgium and the Netherlands for the cross-border transport and storage of CO2.
A similar agreement was reached between France and Denmark last month, citing France's limited capacity to store captured exhaust gases.
