Ineos says its Greensand carbon storage project in the North Sea has capacity ready, but industrial customers are not signing up. The company's European head, Mads Gade, points to missing framework conditions as the main barrier, suggesting that stronger policy signals are needed to get large emitters on board. The project is one of the first offshore CO2 storage sites in the region, but its current contracted volumes fall short of what the infrastructure can handle. This mismatch between ready storage capacity and actual demand highlights a recurring issue in CCS: technical readiness does not automatically create a market. Without clear carbon pricing or binding storage requirements, many industrial players will wait on the sidelines. The article notes that Ineos is not far from manageable costs, but that alone may not be enough to close the contracting gap. A subscriber-only piece, it builds on earlier coverage of Greensand's economics and state aid debates.
