What challenges does CCUS technology currently face?

【Answer 1】 European Commission President Ursula von der Leyen dubbed this project 'Europe’s first fully integrated carbon capture and storage value chain.' A consortium of energy companies and academics claimed world-first success in capturing, transporting, and injecting CO₂ for storage 1,800 meters beneath the seabed of the Danish North Sea. The CO₂ was captured at INEOS Oxide’s plant in Belgium and stored in the depleted Nini oil field, operated by INEOS. This initiative—known as the Greensand Project—is led by INEOS and energy company Wintershall Dea, uniting 23 organizations to demonstrate the feasibility of subsea CO₂ storage. It enjoys support from the Danish government through the Energy Technology Development and Demonstration Program (EUDP). CCS is regarded as a key technology for achieving Denmark’s 2045 net-zero target. By 2030, the Greensand Project aims to sequester up to 8 million tonnes of CO₂ annually in the Nini field region.

Carbon News | A central SOE with a market capitalization of RMB 200 billion spins off its wind turbine gearbox company for listing

【Answer 2】 (Source: Xinhua News Agency) 09 1.48 GWh! EVE Energy signs agreement with Swedish energy storage system integrator On November 27, EVE Energy announced it had formally signed a three-year memorandum of understanding (MoU) with Swedish energy storage system integrator Vimab BESS AB, aiming to deploy 1.48 GWh of energy storage projects across Northern Europe to support Europe’s energy transition. Under the agreement, EVE Energy will serve as a key supplier to Vimab BESS AB, providing high-performance energy storage batteries, system solutions, and corresponding technical support to facilitate Vimab’s expansion of energy storage business in Sweden and across Europe. The first batch of orders has already been confirmed for delivery in December. (Source:北极星储能网 / PNS Energy Storage Network) 10 Peru’s largest-ever photovoltaic power station commences operations According to Guangchu Xingqiu (Light & Storage Planet), on November 27 it was reported that the 273 MWac San Martín Solar PV power station in Arequipa, Peru, has officially commenced operations. Developed by Zelestra, the project employs Sungrow’s 1+X modular inverter solution and is currently the largest operational PV plant in Peru. The San Martín Solar plant is located in the Arequipa desert region, at an altitude of approximately 2,500 meters. This area features intense solar irradiation, large diurnal temperature swings, and low humidity—posing stringent challenges to electrical system insulation, thermal management, and environmental protection. The plant is expected to generate 830 GWh annually—sufficient clean electricity for 440,000 households—and reduce CO₂ emissions by approximately 166,000 tonnes per year. During construction, it created over 900 local jobs, delivering direct economic stimulus to the region. (Source: Guangchu Xingqiu / Light & Storage Planet) 11 Denmark repurposes North Sea oilfield into large-scale CO₂ storage hub Carbon Pioneer, November 27: Denmark is transforming a major symbol of the fossil fuel era into a cornerstone of Europe’s future CO₂ management. INEOS’s Greensand Future project—built atop the decommissioned Nini oilfield in the Danish North Sea—is emerging as one of the European Union’s most ambitious carbon capture and storage (CCS) facilities, marking a significant step forward in the EU’s push toward large-scale CO₂ sequestration. Centered on the former Siri oil platform, the facility is currently undergoing retrofitting to receive and store liquefied CO₂. The CO₂ will be injected into depleted reservoirs located approximately 1,800 meters beneath the seabed. INEOS expects initial operations to begin with annual CO₂ storage capacity of 400,000 tonnes, scaling up to 8 million tonnes per year by 2030. (Source: Carbon Herald) 12 Brazil to issue carbon market regulations by end-2026 Reuters, November 28: A senior official from Brazil’s Ministry of Finance stated that Brazil will release regulatory frameworks for its carbon market before December next year. Cristina Rice, appointed head of the ministry’s newly established Special Secretariat for the Carbon Market, announced at a press conference that the government will also decide by then on the operational model for the permanent regulatory body. She noted that the body may function as a regulator, though its precise structure remains under discussion. Rice added that she expects the carbon market to become fully operational by 2030 or 2031.

INEOS Says EU's First Full-Scale Carbon Storage Project to Start Operating

4 days ago

INEOS announced the startup of the EU's first full-scale carbon storage project, Greensand, in the Danish North Sea this Friday. The facility will initially store 400,000 tonnes of CO2 annually, scaling up to 8 million tonnes at full capacity.

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