MEMBER NEWS: Semco Maritime to develop key technology for Greensand Project

October 4, 2021
MEMBER NEWS: Semco Maritime to develop key technology for Greensand Project

In the lead up to COP26 Semco Maritime would like to share the involvement in an exciting new project.

This pilot project aims to pave the way for realizing the political ambition of storing 4-8 mill tonnes of CO2 from 2030 and to enable CO2 storage from 2025. As one of the five leading strategic partners in the Greensand consortium, Semco Maritime will draw on competencies and experience from our Oil & Gas division to provide innovation solutions for storage and transportation of CO2 to develop oil reservoirs in the North Sea.

Project Greensand was proposed in June 2021 through funding from EUDP for validating the technical feasibility of the idea. The aim being to establish a full value chain of carbon capture storage in Denmark by 2025. The new project is focused on offshore storage and transportation, and collaborations with partners who have the focus of onshore capture, transportation, and port bunkering.

Semco Maritime has joined more than 25 companies in the Greensand consortium, demonstrating great opportunities of capturing, transporting, and storing CO2 in a safe and environmentally friendly way. All offshore transportation of CO2 will be handled by ship and injected via the offshore well head platform. To get a second life in the energy transition, the CO2 will be stored in depleted oil and gas sandstone reservoirs 1500m beneath the seabed. Existing infrastructure will in turn be repurposed from oil and gas production to CO2 injection.

Semco Maritime are proud to be participating in the Greensand consortium which has become paramount to ensuring that Denmark reaches the political target of cutting CO2 emissions by 70% in 2030 in comparison to the level in 1990. The competences and experience that Semco Maritime can bring from the Oil & Gas division will be applied through our skilled employees working with the other consortium partners to make use of the depleted oil fields to benefit the green transition.

Semco’s involvement in the project comes through the task of designing, procuring, fabricating and installing the unit, which will efficiently transfer the captured CO2 from a transport vessel to the inactive platforms and further into the depleted oil wells.

“Building a strong profile and deep competencies within capture, transport and storage of CO2 while establishing a close strategic partnership with other leaders in this area will strengthen Semco Maritime’s position in a market with a vast commercial potential and contribute to the Group’s strategic ambition of driving the green transition,” says Anders Benfeldt, Senior Vice President, Semco Maritime.

The consortium’s stated aim is for the pilot project to produce results that can form the basis for carbon storage from 2025. Eventually, the project aims to achieve the Danish government’s political objective of storing up to eight million tons of carbon dioxide per year in depleted oil fields in the North Sea.

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