"Revolutionary Partnership Unveiled: Ross Energy and Fidelis New Energy Join Forces to Revolutionize CO2 Storage in Denmark"

image source: (unsplash.com,riccardo annandale)

Ross Energy and Fidelis New Energy have formed a unique partnership to develop and operate onshore CO2 storage networks in Denmark and Southern Sweden. The partnership will focus on evaluating subsurface areas, characterizing reservoirs, testing, seismic acquisition, and developing carbon storage fields.

Fidelis is building the Norne Carbon Storage Hub, a Danish CO2 storage network that will provide cost-effective and safe decarbonization options for CO2 emitting companies. This project aims to begin injecting CO2 into onshore storage structures by 2026, with a goal of injecting 20 million tonnes or more annually by 2030. The Norne Carbon Storage Hub will receive CO2 from both local and international sources, either via pipeline or shipborne transport at multiple facilities.

Fidelis has chosen Ross Energy as its sole well management and subsurface development partner for its current and future CO2 storage projects in Denmark and Southern Sweden. In turn, Ross Energy has selected Fidelis as its exclusive CCS partner for future carbon storage projects in this region. This partnership will ensure a consistent project management and execution model for CO2 storage in Denmark.

The CEO of Ross Energy, Lars Andersen, expressed his excitement about being part of the green transition and contributing to Denmark's ambitious climate goals through this partnership. Both companies are looking forward to a long-term relationship with significant potential for growth in the coming years.

Fidelis New Energy is an energy transition company working to decarbonize through renewable fuels, low or negative carbon intensity products, and carbon capture and storage. They use a proprietary ESG-centric framework, RACER, to guide market selection and project design. Fidelis is headquartered in Houston, Texas, with offices in Baton Rouge and Copenhagen.

Ross Energy is a full-service well management and subsurface company with 30 years of experience in the industry. They specialize in subsurface geology, logistics, well engineering, and drilling supervision across Denmark and Northern Europe. Ross Energy uses its expertise from the oil and gas industry to de-risk and mature geothermal and CCS projects. The company provides complete life-cycle services from project inception to drilling and completion of wells.

Other ways of carbon capture are:

Direct Air Capture

Enhanced Oil Recovery (EOR)

Oxy-Fuel Combustion

Mineral Carbonation

Bio-Energy with Carbon Capture and Storage (BECCS)

Post-Combustion Capture

Pre-Combustion Capture

Algae-based Carbon Capture

Combustion Residuals Carbon Capture

Industrial Process Capture

Source:(Ross Energy)

#Rossenergy #Carboncapture #Fidelisnewenergy #Denmark

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