Ørsted, Aker Carbon Capture and Microsoft commit to explore development of carbon capture

31 Mar 2021

Ørsted, Aker Carbon Capture and Microsoft have signed a memorandum of understanding (MoU) to explore ways to support the development of carbon capture and storage at biomass-fired heat and power plants in Denmark.

Carbon capture and storage is widely accepted as an important instrument to meet both the Danish climate targets of 70% carbon reduction by 2030 and to meet the Paris Agreement’s goal to limit global temperature increases to 1.5 degrees Celsius.

By capturing the carbon emitted by biomass-fired heat and power plants and storing it underground, it is possible to not only reduce, but also remove carbon from the atmosphere, as carbon from sustainable biomass is part of a natural biogenic carbon cycle.

The three companies will co-operate to address technological, regulatory and commercial challenges and opportunities for creating negative emissions by capturing and storing carbon emitted by biomass-fired heat and power stations, with each party playing crucial and distinct commercial roles.

For more information please visit Ørsted’s website.

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