Elimini enters strategic agreement with Danish partner HOFOR to help capture and store carbon as well as sell carbon removal credits
Elimini is an independently operated, wholly owned subsidiary of UK-based Drax Group, a global energy company that’s been pioneering decarbonization projects for decades. Elimini has established Carbon Removals Denmark A/S, a Danish entity, for its agreements with HOFOR.
The strategic collaboration will cover the development of the BECCS facility, with the aim of entering into a Joint Venture Agreement to transform Unit 4 (AMV4) at the site to capture CO2 and generate high-quality, verified carbon removal credits (CDRs) in addition to renewable electricity and heat. The project is already among 10 pre-qualified projects that are eligible for the Danish Energy Agency’s CCS subsidy scheme.
By supporting the deployment of reliable renewable electricity and removing CO2 from the atmosphere, the partnership will play an important role in enabling Denmark to achieve its carbon removal and broader climate targets while stimulating both job creation and economic growth.
The Amagerværket Power Station produces 9.900TJ heat yearly, equivalent to 25 percent of Copenhagen’s district heating using biomass while generating 670 GWh of renewable electricity. It is one of Denmark’s largest point sources of biogenic CO₂.
The project intends to establish a full BECCS value chain with the capability to remove hundreds of thousands of tonnes of CO₂ annually from heat and power production at the facility, thereby supporting Copenhagen’s ambition to become climate positive by 2035.
In parallel, Elimini and HOFOR have also agreed a CDR marketing agreement under which Elimini will lead the commercialization pathway for the project's verified carbon removal credits.
"The collaboration between HOFOR and Elimini is a pivotal moment in our journey towards deploying BECCS technology. By combining our expertise with HOFOR's deep industry knowledge we are excited to generate high-integrity carbon removal credits that will support Denmark in meeting its leading climate obligations."
"This agreement represents a pivotal step for supporting Copenhagen’s target of being climate positive and decarbonizing the city’s district heating. By collaborating with Elimini on carbon capture at Amagerværket, we are building the technical and commercial foundations that will help to advance carbon capture solutions that benefit our city and the broader energy transition."
We are delighted that Elimini has entered into a strategic collaboration with HOFOR. The Danish government has allocated DKK 38 billion (EUR 5 billion) to achieve reductions and removals of 3.2 million tons of CO₂ per year from 2029. Denmark also has the potential to become a hub in Europe for CO₂ storage and we see all elements, including BECCS and high-quality, verified carbon removal credits, as key drivers to help develop the CCS industry, reduce CO₂ emissions and meet our climate targets.
Invest in Denmark has been in dialogue with Drax Group and the Elimini team since 2023, helping them explore opportunities in Denmark, among other assisting with introductions to potential partners and key stakeholders as well as arranging fact finding missions and helping clarify the policy and regulatory framework. We look forward to follow Elimini as they further develop their presence and operations in Denmark.
About Elimini
Elimini exists to remove carbon for good. The company has an ambition to be the world's leading carbon removal company and to transform the carbon removals market through the deployment of bioenergy with carbon capture and storage (BECCS) technology at scale. By working with partners across its value chain, Elimini aims to permanently remove carbon from the atmosphere while generating 24/7 renewable, reliable power. For more information, visit www.elimini.com.
Elimini is a wholly owned subsidiary of UK-based Drax Group, a global energy company that’s been pioneering decarbonization projects for decades. This includes piloting the first bioenergy with carbon capture and storage (BECCS) project of its kind in Europe.
About HOFOR
HOFOR A/S is Denmark's largest local utility supplier, providing water, heat, city gas, district cooling and wastewater disposal for more than 1 million people in the capital area. They build wind turbines and solar parks that deliver energy for a greener Denmark. Together with the eight owner municipalities, they aim to create sustainable cities with a focus on cloudburst projects, energy optimisation and the development of future supply solutions. With over 150 years of experience, 1,600 employees and an annual turnover of over 7 billion kroner, they take responsibility and work closely with customers, universities, business and authorities.
For more information, visit HOFOR's website here
Get new knowledge CCUS in Denmark
Status & timelines: Tenders & Licenses
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The CCS Fund launched in October 2024, is the third fund administered by the Danish Energy Agency for carbon capture and storage with a budget of DKK 28.7 billion. In May 2025, the 10 companies selected to compete were announced, with final contracts expected to be awarded by April 2026. More information can be found here:
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AffaldPlus Affaldsenergi A/S (Næstved Affaldsenergi A/S)
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ARGO CCS A/S
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E.ON Carbon Capture Solutions Copenhagen ApS
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Energnist CaptureCo A/S
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Fjernvarme Fyn Fangst A/S
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Gaia ProjectCo P/S
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HOFOR DSS SPV A/S
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Kredsløb Holding A/S
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Ørsted Bioenergy & Thermal Power A/S
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Aalborg Portland A/S
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The first fund, worth approximately DKK 8 billion, was won by Ørsted. They will capture and store 430,000 tonnes of CO₂ annually from 2026 and for the following 20 years. Ørsted expects to capture and store the first CO₂ from as early as this year (2025).
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The NECCS pool was completed in May 2024, when the Danish Energy Agency contracted three companies to capture and store 160,350 tonnes of biogenic CO₂ annually from 2026 to 2032:
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BioCirc CO₂ ApS
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Bioman ApS
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The Carbon Removers Ltd (formerly named Carbon Capture Scotland Ltd)
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In June 2024, onshore licenses were granted to:
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Wintershall Dea International GmbH and INEOS E&P A/S together with Nordsøfonden for a license to explore Gassum;
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CarbonCuts A/S together with Nordsøfonden to explore Rødby; and
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Equinor Low Carbon Solutions Denmark A/S and Ørsted Carbon Solutions A/S to explore Havnsø
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In April 2025, Norne Thorning Storage, a Fidelis New Energy company, was granted an exploration licence for the Thorning structure
For more information click here