Norne Thorning Storage, a subsidiary of Fidelis New Energy, has recently achieved a significant milestone by securing an exploration license for the Thorning geological structure from the Danish Minister of Climate, Energy and Utilities. This pivotal step allows the company to embark on an exploration work program aimed at assessing the viability of the Thorning site for safe and permanent storage of carbon dioxide (CO). The initiation of this program marks an ambitious push towards potential CO storage solutions that could be operational as early as 2030.

In this endeavor, Norne will collaborate closely with Nordsfonden, which serves as the representative of the Danish state, in managing the Thorning exploration license. This partnership underscores the commitment of both entities to explore innovative methods of carbon storage while adhering to environmental safety standards. If the exploration data verifies the site's suitability for CO storage, Norne and Nordsfonden will have the exclusive right to apply for the necessary CO storage license, contingent on the approval from the Danish Energy Agency (DEA).

Before any storage facility can be established, Norne is required to comply with a series of stringent environmental permits and safety requirements. Lars Bo Christiansen, the president of Norne Climate Impact, expressed enthusiasm about the exploration efforts, stating, "The exploration work program has been meticulously designed to provide a comprehensive understanding of the deep geological structures and their ability to safely and permanently store CO." He highlighted the essential role of Ross, Norne's Exclusive Subsurface and Wells Partner, whose extensive experience with Denmarks subsoil has been vital in shaping the exploration plan. This plan incorporates a variety of cutting-edge methods, including extensive seismic sensors, aerial surveys designed to minimize environmental impacts, comprehensive 3D seismic surveys, and the construction of exploration and appraisal wells.

The granting of the Thorning exploration license is not just a win for Norne but also a recognition of the companys vision, which has been supported by Fidelis New Energy since 2021. Furthermore, in 2023, the European Commission designated the project as an EU Project of Common Interest, emphasizing its importance in the broader context of European decarbonization efforts. This development is particularly aligned with Denmark's ambitious decarbonisation goals, providing industries with an innovative solution to mitigate CO emissions.

In addition, Norne has engaged in discussions with various industry players across Denmark and the EU, leading to the formulation of a concept that aims to reduce both costs and environmental impacts. This plan involves the utilization of facilities for CO storage for both Danish and European emitters. A crucial element of this strategy is the establishment of a receiving terminal at the Port of Aalborg, designed to accommodate CO deliveries from a wide range of emitters, including those from Denmark, the Baltic region, and other European countries.

Bengt Jrlsj, co-founder and president of Fidelis New Energy, shared his optimism regarding the project: "We look forward to working alongside the DEA and collaborating with Nordsfonden to explore the CO storage potential of the Danish subsoil, with the hope of establishing Thorning as a safe site for CO storage. This license award highlights Denmark's leadership in decarbonisation once again, aiding both Danish and European industries in their pursuit of significant carbon emission reductions. Since 2021, we have engaged actively with the Danish Government, local authorities, the Port of Aalborg, and industry partners throughout Denmark and Europe.