CarbonCuts can confirm that we are participating in the fourth licensing round of licenses to explore and use the subsurface for geological storage of CO2.

The fourth licensing round covers coastal areas in Denmark – off the northern part of the West Coast of Jutland. The license areas have been designated by GEUS (The Geological Survey of Denmark and Greenland) based on their geological suitability for CO2 storage.

Prior to the tender, the authorities have conducted a strategic environmental assessment of the license area to ensure that any future storage can take place in an environmentally sound manner.

The application supports CarbonCut’s ambition to establish itself as a leading operator within CO2 handling and storage – initially in Denmark.

“Since our establishment in 2022 and with the Rødby license, we have built a strong and competent team of underground experts and specialists who are all dedicated to developing safe and efficient solutions for CO2 handling and storage. I therefore see the application as a natural next step for us,” says Ken Wesnæs, CEO of CarbonCuts.

This is CarbonCuts’ second license application within the past two years. In June 2024, CarbonCuts won the state license to explore the Rødby Structure, a geological structure on South Lolland – with the project name, Project Ruby. CarbonCuts is in full swing with exploration activities on Lolland and has just completed the largest land-based 3D seismic survey in Danish history, covering a land area of 220 km² – an important step in assessing the area’s potential for CO2 storage.

With the new license application, CarbonCuts commits to conducting preliminary studies to determine the suitability of the area for CO2 storage.

KeyFacts Energy Industry Directory: CarbonCuts