Danube removals
The Danube Removals Project is a full chain CCS project that will sequester 500,000 tonnes of biogenic CO2 annually, transport it via a dedicated pipeline and store it in onshore saline acquifers. It is projected to be Europe's lowest-cost CCS project (CapEx: €80 million in capital, OpEx €14 million annually), benefiting from the low capture costs of fermentation processes like ethanol production. The project is highly replicable and aims to produce voluntary carbon market removal certificates that comply with the EU’s CFCR Regulation at a competitive price.
Project type:Storage
Participants:EMOV Danube Energy ClonBio Group
Country:Hungary
Type of capture:Biogenic CO2
IOGP members involved: No
Planned start of operation: NA
CO2 capacity at start date: 0.5
CO2 capacity after completion: NA
Status: Early Development
Type of storage: Onshore saline acquifers
Funding and support scheme: Innovation fund
Info related to the funding and support scheme: IF2023 call
Notes: https://danubeenergy.com/danube-removals/
Links: https://danubeenergy.com/danube-removals/