How much funding did Aalborg Portland receive for its carbon capture and storage project, and what does it cover?

Aalborg Portland received 16.5 billion Danish crowns ($2.55 billion) in CCS subsidies from Denmark's energy agency, to be disbursed from 2030 onward; the funding covers the capture, transport, and storage of up to 1.25 million tons of CO2 annually for 15 years, at a rate of 875 crowns per captured ton.

Why is this CCS project considered critical for Denmark’s climate goals?

The project is seen as key to cutting CO2 emissions from hard-to-abate sectors like cement production, supporting Denmark’s national goal of reducing greenhouse gas emissions by 70% from 1990 levels; Aalborg Portland — Denmark’s largest CO2 emitter — expects its project to account for over half of the Danish CCS subsidy pool’s overall target of capturing 2.3 million tons of CO2 annually from 2029.

Denmark Grants Cement Producer $2.6 Billion for Carbon Capture and Storage

Jun 9, 2026

Denmark awarded cement maker Aalborg Portland $2.55 billion in subsidies for a carbon capture and storage project starting in 2030. The initiative targets capturing up to 1.25 million tons of CO2 annually with partners Air Liquide and Harbour Energy.

reuters

2026-06-09

Denmark Grants Cement Producer $2.6 Billion for Carbon Capture and Storage

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