This is part of Greensand Future, the EU’s first operational CO2 storage facility intended to mitigate climate change, operated by INEOS. Greensand Future aims to safely capture and permanently store 400,000 tons of CO2 each year from the end of 2025, with a potential to store up to 8,000,000 tons of CO2 per annum.
Richard Nimmons, CEO of The Carbon Removers, says, “We believe the North Sea has a huge role to play in helping Europe achieve its Net Zero target. We’re delighted to be the first UK company to partner with Greensand Future operators, who share our ethos of finding practical ways to address emissions today, not in the distant future.”
The deal will help The Carbon Removers scale up its offering of high-quality, permanent carbon removal credits to offer real, practical solutions to decarbonization targets and accelerate the transition to Net Zero.
This comes after the first minister of Scotland, John Swinney, visited The Carbon Removers on-site in Dumfries this week. John Swinney said: “It is inspiring to see companies like The Carbon Removers leading the way in delivering permanent carbon solutions.” His visit was a strong signal of Scotland’s support for local climate innovators such as The Carbon Removers.
