CarbonCuts applies for exploration license in tender for coastal CO₂ storage

The fourth licensing round covers coastal areas in Denmark – off the northern part of the West Coast of Jutland. The license areas have been designated by GEUS (The Geological Survey of Denmark and Greenland) based on their geological suitability for CO₂ storage.

Prior to the tender, the authorities have conducted a strategic environmental assessment of the license area to ensure that any future storage can take place in an environmentally sound manner.

The application supports CarbonCut’s ambition to establish itself as a leading operator within CO₂ handling and storage – initially in Denmark.

“Since our establishment in 2022 and with the Rødby license, we have built a strong and competent team of underground experts and specialists who are all dedicated to developing safe and efficient solutions for CO₂ handling and storage. I therefore see the application as a natural next step for us,” says Ken Wesnæs, CEO of CarbonCuts.

This is CarbonCuts’ second license application within the past two years. In June 2024, CarbonCuts won the state license to explore the Rødby Structure, a geological structure on South Lolland – with the project name, Project Ruby. CarbonCuts is in full swing with exploration activities on Lolland and has just completed the largest land-based 3D seismic survey in Danish history, covering a land area of 220 km² – an important step in assessing the area’s potential for CO₂ storage.

With the new license application, CarbonCuts commits to conducting preliminary studies to determine the suitability of the area for CO₂ storage.

Read more about the latest license round on the Danish Energy Agency’s website

Announcement in English:

CarbonCuts applies for an exploration license in the tender for nearshore CO₂ storage

As announced by the Danish Energy Agency today, CarbonCuts can confirm that we are participating in the fourth tender round for permits to explore and utilize the subsurface for geological CO₂ storage.

The fourth tender includes nearshore areas in Denmark – off the northern part of Jutland’s west coast. The license areas have been designated by GEUS (The Geological Survey of Denmark and Greenland) based on their geological suitability for CO₂ storage.

Before the tender, the authorities conducted a strategic environmental assessment of the license area to ensure that any future storage could be carried out in an environmentally responsible manner.

The application supports CarbonCuts’ ambition to establish itself as a leading operator in CO₂ management and storage – initially in Denmark.

“Since our establishment in 2022 and with the Rødby license in place, we have built a strong and competent team of subsurface experts and specialists, all working dedicatedly to develop safe and effective CO₂ management and storage solutions. I therefore see this application as a natural next step for us,” says Ken Wesnæs, CEO of CarbonCuts.

This is CarbonCuts’ second license application within the past two years. In June 2024, CarbonCuts was awarded a state license to explore the Rødby Structure, a geological formation on South Lolland – under the project name Project Ruby. CarbonCuts is actively conducting exploration activities on Lolland and has recently completed Denmark’s largest land-based 3D seismic survey, covering a land area of 220 km² – an important step in assessing the area’s potential for CO₂ storage.

With this new license application, CarbonCuts commits to conducting initial studies to assess the new license area’s suitability for CO₂ storage.

Read more here Danish Energy Agency