ESG Today
Summary
Microsoft announced a new carbon removal offtake agreement with energy provider Ørsted for the purchase of one million tonnes of carbon removal over ten years from Ørsted’s new bioenergy carbon capture and storage (BECCS) project in Denmark, Ørsted Kalundborg CO2 Hub.
The agreement adds to a prior commitment from Microsoft announced last year to buy 2.67 million tonnes of carbon removal from the Ørsted project, bringing the total purchase under contract to 3.67 million tonnes of CO2.
The Ørsted Kalundborg Hub project, will establish carbon capture at two of Ørsted’s Danish power stations, including the wood chip-fired Asnæs Power Station in Kalundborg on western Zealand and at the Avedøre Power Station’s straw-fired boiler in the Greater Copenhagen area. The two combined heat and power (CHP) plants are linked to the grid, the district heating system, and have their own harbours, enabling them to act as hubs for the handling and shipping of carbon and green fuels. They will not only serve as hubs for the capture and shipping of its own carbon but they will also for shipping carbon produced by other players. Carbon captured at the plants will be shipped for permanent storage at the Northern Lights storage reservoir in the Norwegian part of the North Sea.
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