European Industry Injects CO2 Below the Seabed as It Chases US in Energy, Climate Race
- INEOS, Wintershall Dea injected CO2 below Denmark’s North Sea
- Carbon capture is key to cut emissions from heavy industries
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European industrial companies injected carbon dioxide below Denmark’s seabed for the first time on Wednesday as executives warned that the region risks losing a race with the US on the important emissions-cutting technology.
CO2 was pumped more than a mile below a North Sea oil field to be stored permanently, safely away from the atmosphere. If the project is successful, the companies involved — including UK’s INEOS Group Holdings and Germany’s Wintershall Dea AG — plan to scale it up to receive and store emissions captured at sites across Europe.