Copenhagen Infrastructure Partners (CIP) has entered into an investment agreement and a joint venture agreement with Vestforbrænding, Denmark’s largest waste-to-energy company owned by 19 municipalities in Zealand.
The partners will establish a joint venture to develop, build and operate a carbon-capture facility in Glostrup, Denmark. The facility is expected to capture 500,000 tonnes of carbon dioxide annually from Vestforbrænding’s waste-to-energy plant, which will be transported for permanent geological storage. A portion will contribute to Vestforbrænding’s carbon-neutrality targets, and the remainder will be available for corporate offtakers.
The emission savings correspond to approximately 11 percent of the total annual emissions in 2021 for the Greater Copenhagen area.
CIP’s Energy Transition Fund I (CI ETF I) will hold a majority stake in the joint venture in the construction and operational phase. Additionally, a flue-gas agreement has been s