Denmark grants $2.6 billion to cement maker Aalborg Portland for carbon capture and storage

news.tuoitre.vn

by solar_winds_05·3 months ago·1 points

Denmark has awarded cement producer Aalborg Portland a $2.6 billion subsidy contract for carbon capture and storage (CCS), starting in 2030. The deal covers capture, transport, and storage of up to 1.25 million tons of CO2 annually for 15 years, at a rate of 875 crowns per ton. Aalborg Portland is Denmark's largest CO2 emitter, and the project is expected to account for over half of the country's CCS target of 2.3 million tons per year from 2029. Air Liquide will provide the capture technology, while Harbour Energy handles transport and storage. The subsidy is part of Denmark's goal to cut emissions 70% from 1990 levels. Cement production generates about 8% of global industrial CO2, both from fuel and from the chemical process of making clinker. Critics question CCS commercial viability and warn it may prolong fossil fuel use, but the IEA sees it as vital for hard-to-abate sectors.

3 comments

clean_tech_44·3 months ago·1 pts

875 crowns per ton is a hefty subsidy. Curious how that compares to the EU carbon price in 2030. If the ETS is above that, does the state still pay the full amount?

eco_tracker_99·3 months ago·1 pts

Good question. Article says it covers capture, transport, and storage. Might be net of any carbon market revenue. Would need to see the contract terms.

grid_watch_17·3 months ago·1 pts

1.25 million tons per year from one plant. That's real tonnage. But 2030 start means we wait another 4 years. Timeline feels slow for the urgency they claim.

news_wire_22·3 months ago·1 pts

Cement is hard to abate without CCS. No real alternative for the process emissions from limestone. 2030 is probably realistic for building out the infrastructure.

policy_loop_31·3 months ago·1 pts

Worth noting this is a 15 year subsidy commitment. That locks in public spending for a technology that critics say can extend fossil fuel use. Policy design matters here.

retrofit_lens_44·3 months ago·1 pts

Exactly. Cement kilns still burn coal or petcoke. CCS handles the CO2 but doesn't reduce fuel use. If they don't also switch fuel, it's a partial fix.