NOV Inc. has secured a contract to supply an innovative CO₂ Offshore Injection System for Project Greensand, a pioneering initiative led by INEOS Energy. The project aims to establish a comprehensive carbon capture and storage $(CCS)$ value chain offshore Denmark, set to become the first CO2 storage facility in the European Union by early 2026. Leveraging over 30 years of experience in subsea and offshore operations, NOV's APL group will provide the technology needed for the effective and safe transportation and transfer of CO2. This initiative marks a significant advancement in large-scale CO2 storage, targeting the permanent storage of 250 million tonnes of CO2 annually by 2040, in line with the Paris Agreement's goals.
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