SPE Copenhagen Meeting at INEOS - Distinguished Lecturer, AGM, and Project Greensand Presentation

Abstract
Carbon Capture and Storage (CCS) has historically faced challenges in achieving commercial-scale success across various regions globally.
The conversation often circles back to pervasive beliefs regarding CCS, namely the assertion that it is excessively risky and costly. This presentation highlights a range of successful global CCS projects and the diverse business strategies they employ, some of which operate independently of governmental subsidies or carbon pricing. The adequate and proportionate understanding of the role of Geological CO2 Storage Regulations and Technical Standards is highlighted, as they are frequently perceived as the primary enablers of the CCS industry. This lecture will explore the crucial importance of selecting suitable geological sites for CO2 storage. It will also address operational challenges in managing fluids with unique thermodynamic properties and examine how existing legacy wells, whether repurposed or not, can affect the risk and cost aspects of CO2 storage projects. Adequate site selection, operational considerations and the impact of legacy wells are essential aspects associated with successful implementation of CCS at scale. Furthermore, the discussion concludes with reflections on Value generation beyond direct economic revenue, highlighting
scalability and maturation time as key performance indicators for CO2 storage projects.

SPE Distinguished Lecturers conduct in-person section visits and SPE Live events. Schedule (spe.org)

Speaker
With two decades of energy sector experience, Diego has worked on diverse projects, from hydrocarbon exploration to carbon capture and storage (CCS) and sustainable energy solutions. Diego's portfolio includes significant involvement in prominent commercial CCS projects like Northern Lights (Norway), Aramis and Porthos (Netherlands), Endurance (UK), Gorgon (Australia), Prinos (Greece), Lang-Lebah (Malaysia), Arthit (Thailand), and DongHae (South Korea). Diego specializes in translating CO2 storage regulations into detailed operational plans. Diego’s consulting company collaborates with organizations like Halliburton or SLB, and he is an Advisory Board Member for a New York-listed startup focused on optimizing CC(U)S costs.

Annual General Meeting

• Lookback at the 2025/26 season
• Finance Statement for approval and budget for 2026/27
• Outgoing 2025/26 board
• Election of the incoming 2026/27 board 

INEOS Presentation - Greensand project Future 

Greensand project Future is approaching CO₂ injection operations. With Denmark's first license for permanent CO₂ storage, we are soon to welcome CO₂ emitters to their new terminal at the Port of Esbjerg, where the purpose-built Carbon Destroyer 1 vessel has just arrived at the quayside.

This achievement is the result of years of preparation managing the uncertainties of an emerging CO2 storage market, including validation of the offshore storage site, CO₂ pilot injection, cross-industry agreements with emitters, close collaboration with authorities on storage site application and permitting, third party certifications, engineering, and construction.

At the SPE meeting, Mette Lind Fürstnow, Project Greensand Manager at INEOS Energy, will share insights into this complex, cross-disciplinary project, which is soon to go live.