Tender for Contract on Subsidy for Carbon Capture, Transport and Storage

• Country: Denmark
• Summary: Tender for Contract on Subsidy for Carbon Capture, Transport and Storage
• DKT Ref No: 108297919
• Deadline: 25 Mar 2025
• Financier: Self Financed
• Purchaser Ownership: Government
• Tender Value: DKK 28659200000
• Notice Type: Tender
• Document Ref. No.: 604064-2024
• Purchaser's Detail:
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• Description:
• THE CCS FUND With the agreement on a strengthened framework for CCS in Denmark (in Danish: “Aftale om styrkede rammevilkår for CCS i Danmark”) of 20 September 2023, a majority of the Danish Parliament decided to merge the second phase of the CCUS fund and the GSR fund into one combined fund, the “CCS Fund”. In June 2024, a political decision was made to deploy the CCS Fund through one single competitive bidding process. This call for tenders concerns the deployment of the CCS Fund. The purpose of the CCS Fund is to achieve CO2 emission reductions and/or negative emissions by Storing Fossil CO2 and/or Biogenic CO2 or Atmospheric CO2. The overarching aim of the CCS Fund is thus to contribute to the realization of Denmark's climate targets as outlined in the Danish Climate Act (in Danish: “Klimaloven”). THE CONTRACT(S) The Danish Energy Agency (the DEA) wishes to enter into one or more contract(s) pursuant to which the recipient(s) of the subsidies (each recipient “the Operator”) shall ensure and be responsible for achieving the CO2 emission reductions and/or negative CO2 emissions (“the Contract”). As described in the tender documents, the Operator shall each year from 2030 until (and including) 2044 capture and permanently, geologically store a fixed quantity of CO2 (“Annual Quantity”). The Operator may also offer to capture and Store CO2 from 1 January 2029 at the earliest until (and including) 31 December 2029 (“2029-Quantity”). The Operator may base their project on CO2 ...
• Documents:

 Tender Notice