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How 8/10 projects in Denmark's CCS latest tender dropped out 🇩🇰 Denmark has started handing out significant subsidies to CCS projects. In its latest tender, 10 projects were pre-selected: the only cement plant🪨🏭 + 9 projects at bioenergy🪵🔥 and waste-to-energy🗑️🔥 plants. In the end, only 2 remained🔌💡 🧵

industrydecarbonization.comDenmark's CCS Strategy: Deliver or PayIn recent years, Denmark pushed CCS technology and ran multiple tenders handing out substantial subsidies. But they came with a catch: either deliver on time or risk hefty penalties. What can be learn...

Noteworthy about Denmark's CCS tender is that companies that don't deliver could face significant fines💵. That scared away most of the power plants🔥🏭 that had submitted bits. Denmark also ran a tender specifically for negative emission technologies, and it was won entirely by Biomethane🌱 projects.

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