Greensand Future reaches Final Investment Decision

Harbour Energy plc
(“Harbour” or the “Company”)
Greensand Future reaches Final Investment Decision
10 December 2024

Harbour Energy (Harbour) and its project partners today announced a final investment decision (FID) for the Greensand Future carbon capture and storage (CCS) project in Denmark. The project will store carbon dioxide from Danish emitters in a depleted oil field under the Danish North Sea. Harbour holds a 40% non-operated interest, alongside operator INEOS E&P A/S (40%) and Nordsofonden (20%).

Harbour acquired its interest in Greensand Future through its acquisition of the Wintershall Dea asset portfolio in 2024.

The project, which aims to store CO2 in the INEOS-operated Nini field, will become the EU’s first operational CO2 storage facility and will have an objective to help mitigate climate change.

Greensand Future aims to capture and store 400,000 tons of CO2 each year as a start, allowing for a gradual expansion of storage capacity towards 2030 as CO2 volumes increase.

Harbour has a leading CO₂ transportation storage position in Europe, with projects under various phases of development across the UK, Denmark, Norway and Germany. You can read more about these projects here.