Flue Gas Supply and CO2 Off-take Agreement Text automatically translated in your browsing language Automatically translated

Flue Gas Supply and CO2 Offtake Agreement

VF Affaldsenergi A/S intends to enter into a collaboration with Copenhagen Infrastructure Energy Transition Fund I SCSp ("CI ETF") on a Carbon Capture and Storage ("CCS") project concerning CO2 emissions from waste incineration activities. As part of this CSS project, a flue gas supply and CO2 off-take agreement has been concluded between VF Affaldsenergi A/S and a joint venture company ("Gaia ProjectCo P/S"), which is expected to be owned by CI ETF (70%) and VF Affaldsenergi A/S (30%) from the time the final investment decision is taken (with a 50%/50% ownership until then). The Flue Gas Supply and CO2 Off-take Agreement generally includes the following services: Gaia ProjectCo P/S will be responsible for the capture and - through third parties - transport and storage of CO2 from VF Affaldsenergi A/S' waste incineration plant. - VF Affaldsenergi A/S must pay Gaia ProjectCo P/S for these services. - The captured CO2 consists partly of fossil CO2 and partly of biogenic CO2. - The capture of biogenic CO2 will create tradable CO2 certificates. The Flue Gas Supply and CO2 Off-take Agreement thus implies that VF Affaldsenergi A/S purchases services from Gaia ProjectCo P/S in the form of CO2 capture and via subcontractors transport and storage of the captured CO2 against payment. The Flue Gas Supply and CO2 Off-take Agreement was concluded on 17 December 2024 and is expected to expire 30 years after the date of commercial commissioning of the CO2 capture facility. The CO2 capture facility is expected to become commercially operational in the course of 2029. The Flue Gas Supply and CO2 Off-take Agreement is linked to Gaia ProjectCo P/S’ participation in the Danish Energy Agency’s tender for the CCS pool concerning support funds for CO2 capture, transport and storage, cf. tender notice No 604064-2024. Text automatically translated in your browsing language Automatically translated

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DK Danmark
DK012 Københavns omegn

90700000 - Environmental services

90721200 - Ozone protection services

90731700 - Carbon dioxide monitoring services

90731300 - Air pollution protection services

90731000 - Services related to air pollution

90731210 - Purchase of CO2 emission credits

85000000 - Health and social work services CVP code deduced from the text of the procedure AI-generated

Criterion:
Type: cost
Description: N/A
Weight (percentage, exact):

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2,000,000,000.00 DKK

Official name: Gaia ProjectCo P/S
Postal address:
Town: Nordhavn
Postal code: 2150
Country: