Published by Todd Bush on December 1, 2023
The European Union has designated the onshore Norne Carbon Storage Hub as a Project of Common Interest to promote the safe and efficient storage of European CO2 emissions in Denmark.
COPENHAGEN, Denmark, Nov. 27, 2023 /PRNewswire/ -- The European Commission announced today that it has selected the Norne Carbon Storage Hub ("Norne") to be a Project of Common Interest ("PCI"), a priority category of strategic cross-border infrastructure projects. Launched by Fidelis New Energy ("Fidelis") in 2021, Project Norne has been designed to be a large-scale, vertically integrated onshore CO2 transportation and storage network in Denmark, supporting decarbonization efforts across Europe.
>> Additional Reading: Ross Energy and Fidelis New Energy form exclusive CO2 storage partnership in Denmark
The PCI announcement took place in Aalborg at the EU's CCUS-Forum, where Denmark, France, the Netherlands, Germany, and Sweden also importantly signed the Aalborg Declaration. The Aalborg Declaration confirms the importance of European cross-border infrastructure that enables carbon capture, utilization, and storage (CCUS) to reach Danish and European climate goals.
"Although Norne is based in Denmark, our vision has always been to create a project of true European common interest, a pan-European solution to help decarbonize Denmark as well as our neighbors. Our receiving facilities and future pipelines will allow us to accept CO2 from our existing Danish industry as well as our neighbors helping the EU achieve its climate goals. With our advantaged location and geology, Denmark will become a global leader in the carbon management industry and allow for continued investment and industrial growth in Northern Europe," said Ulrik Weuder, Managing Director of Fidelis New Energy Europe.
"We are excited that the Norne Carbon Storage Hub has been identified as a strategic priority by the European Union as a Project of Common Interest. CCS plays a significant role in both Danish and European climate strategies to aid in the decarbonization of hard to abate industries, and it has a crucial role to play to help the world reach its climate goals. We are proud to have helped create Norne as Denmark's first on-shore CO2 PCI project." said Dan Shapiro, Co-Founder, CEO, and Managing Partner of Fidelis.
"By utilizing onshore storage, Norne enables proven, safe and environmentally friendly decarbonization of hard-to-abate segments of the Danish and European economies. The Norne storage network provides CO2 emitters the opportunity to decarbonize, while maintaining global competitiveness and thereby preserving European jobs," added Bengt Jarlsjo, Co-Founder, President, and Chief Operating Officer at Fidelis.
Fidelis New Energy, LLC is a decarbonization energy transition company that develops, finances, delivers, owns and operates energy transition infrastructure.
For more information, visit www.fidelisnewenergy.com
Norne Carbon Storage Hub consists of CO2 reception facilities, pipelines and storage facilities designed to safely and permanently store CO2. Norne will receive and store CO2 from Danish and European customers.
SOURCE Fidelis New Energy, LLC
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌲 Living Carbon Announces Agreement with Microsoft for 1.4 Million Tonnes of Carbon Removal from Reforestation of Former Mine Lands in Appalachia 🏭 US Energy Expands Carbon Captu...
Inside This Issue 🧬 Occidental's Bold Bet on Carbon Removal: What the Holocene Acquisition Really Means 🌊 Project to Suck Carbon Out of Sea Begins in UK 🧱 NovoMOF Raises $5.4 Million to Scale Up L...
Inside This Issue 🧪 CF Industries Announces Joint Venture with JERA Co., Inc., and Mitsui & Co., Inc., for Production and Offtake of Low-Carbon Ammonia 🪨 Microsoft Signs Large Carbon Removal D...
Perdue AgriBusiness and Eion Ink First-Of-Its-Kind Carbon Removal Deal
Perdue AgriBusiness becomes first company to deploy enhanced rock weathering within its own supply chain—removing 3,500 tons of CO₂ while improving soil health and reducing input costs for farmers ...
US-UK Startups Debut ‘First’ Emissions and Carbon Capture System
STAX Engineering, a California-based company specializing in maritime emissions capture and control, and Seabound, a UK-headquartered onboard carbon capture firm, have demonstrated a ‘first-of-its-...
Next Gen Honda Fuel Cell Module to Make North American Debut at ACT Expo 2025
Next Gen Honda Fuel Cell Module to Make North American Debut at ACT Expo 2025 New fuel cell module will reduce production cost by half, double durability and triple volumetric power density co...
Next Hydrogen Receives $5M Working Capital Debt Financing
MISSISSAUGA, Ontario, April 22, 2025 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. ("Next Hydrogen" or "Company") "We are grateful for this very meaningful support from EDC to help support our ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.