The Geological Survey of Denmark and Greenland (GEUS) calculates that the Danish subsoil can contain up to 22 billion tonnes (GT) of CO₂. This corresponds to between 500 and 1000 years of total Danish emissions at current levels and means that Denmark can also become a hub for international storage of CO₂.
The Danish government has already decided to set aside DKK 38 billion (EUR 5 billion) to achieve reductions and removals of 3.2 million tons of CO2 per year from 2029 with The Danish Energy Agency responsible for deploying the funds.
Denmark also has a high share of renewable energy in its grid (70%), which is key for the production of green hydrogen. Combined with a stable supply of biogenic CO₂ estimated at around 6.5 million tons from incineration and CHP plants and 800,000 tons from current biogas plants, Denmark plans to become a large exporter of e-fuels for maritime, aviation and ground transportation.
General framework conditions in Denmark are also very favourable: a supportive and stable political climate, excellent facilities and funding for R&D and demonstration projects and a large talent pool in a market with many future business opportunities.