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Using gas as a fuel is important from a transition point of view as it does not present the same harmful emissions as other energy sources , such as coal . Furthermore , it ’ s important for ensuring that the demand for energy is met whilst we continue to explore renewable resources . In Denmark and the UK , INEOS Energy ’ s close proximity to extensive gas reserves in the North Sea has reduced the need to import coal , unlike in many other European countries where this has been necessary to ensure energy is delivered to the population . With this advantage in mind , INEOS Energy turns its focus to the development and expansion of renewables , with a strong commitment to meet net zero targets .
Circular economy
Enter Project Greensand . The focus of Project
We have demonstrated that we can do bilateral agreements across countries to transport
CO 2 which had previously been a challenge due to protocols
Greensand is the conversion of the Nini West field and platform , a depleted oil field located in the southern North Sea , for the injection and storage of CO 2
. INEOS Energy and its partners are looking to repurpose the infrastructure for the storage of carbon , rather than the extraction of oil . Where previously this oil reservoir , a couple of kilometers below the seabed , would be used to pump oil up to a platform to be shipped off into the world market of oil and gas , captured CO 2 is now pumped from a ship down into the reservoir to be stored beneath the seabed . Head of Denmark and Chief Commercial
Officer Mads Weng Gade explains the
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