Normod Carbon has locked in exclusivity at the Port of Grenaa in Denmark and signed initial customer deals for a major carbon storage hub valued at €250 million (~$294 million).
Planned to launch in 2029, the facility will be built in phases to handle up to 10 million metric tons of CO2 per year, positioning Grenaa as a cornerstone of Northern Europe’s emerging carbon capture, utilization, and storage (CCUS) infrastructure.
The project is part of Normod’s broader strategy to develop a network of CO2 aggregation hubs across the region, ultimately aiming to consolidate more than 20 million tons annually. By pooling volumes at central storage points before onward transport to permanent reservoirs, Normod estimates total costs can be reduced by at least 25%, making more carbon capture projects financially viable.
Scaling Shared Infrastructure
CEO Jan Lien emphasized that Grenaa’s industrial zoning, deepwater port, and room for expansion make it an ideal anchor for cost-efficient, shared CCUS logistics. Rather than investing in standalone transport systems, emitters can rely on collective infrastructure, speeding up deployment timelines and reducing capital outlays.
Commercial momentum is already building. Normod has secured Letters of Intent (LOIs) with three emitters totaling 6.4 million tons per year – more than enough to fill Phase I capacity – and is in talks with additional companies representing around 35 million tons across Northern Europe.
Relevant: Reduced Field To Vie For $4.1B Carbon Capture Funding In Denmark
Notably, over 80% of Normod’s current pipeline involves bio-CCS projects, which generate durable carbon removal credits trading above €200 ($235) per ton, triple the average price of EU carbon allowances in 2025.
Normod has also secured access to permanent storage sites and is negotiating with CO2 carriers, floating storage units (FSIUs), and other ports to expand its integrated network.
“By enabling large-scale CO2 handling, we are creating new opportunities for industry and ensuring our port plays a pivotal role in meeting climate goals,” said Henrik Carstensen, CEO of Port of Grenaa.
Read more: Denmark Grants CO2 Storage Exploration License To Norne Thorning
