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INEOS
Energy Denmark
Carbon reduction reality
Following an extensive and impressive career within the oil and gas industry , Mads has witnessed enormous changes taking place within the energy sector , particularly in the rise in wind power as a source of renewable energy . He provided an interesting insight into why demonstrating new and innovative climate projects such as Project Greensand are so important : “ There has been a huge amount of talk about CCS , but we ’ ve actually done a demonstration project to showcase that it can be done . There has been a lot of skepticism about whether a project like this would even be possible .
“ We have demonstrated that we can do bilateral agreements across countries to transport CO 2 which had previously been a challenge due to protocols . We have shown that the necessary technologies exist , it is just a case of putting them together in one full value chain . I think it ’ s really important to be able to showcase this to the industry and demonstrate that we can now do this on a large scale moving forward .”
As well as showcasing the workability and potential scalability of a project such as this to the industry , Mads continues to explain how it has been equally important for the individuals involved : “ We have demonstrated that we can deploy the necessary skillset by using the same key employees we ’ ve had out there for many years . Being able to extend their potential careers into something new is really meaningful . I think that is really exciting and I sincerely hope we can continue this journey and be successful .” As a relatively new and emerging market , certain challenges , particularly regarding high costs are likely to present themselves within the CCS space . The same has certainly been true in other areas of evolving green technology including solar and wind power . Being able to drive down these costs is of critical importance for energy-oil-gas . com 69