Aalborg Portland Secures €2.2 Billion Carbon Capture Subsidy for Major Danish CCS Project
Aalborg Portland, part of Cementir Holding, has signed an agreement with the Danish Energy Agency to receive a major carbon capture subsidy for its ACCSION project, marking one of Europe’s largest industrial commitments to carbon capture and storage (CCS) to date.
The agreement, announced on 9 June 2026, provides a subsidy of approximately €117 per tonne of CO₂ captured for up to 1.25 million tonnes annually from 2030, when the CCS facility is expected to become operational. The support package is valued at around €146 million per year over 15 years, with a maximum total of approximately €2.2 billion, subject to inflation indexing.
The ACCSION project is designed as a full-chain carbon capture system, meaning its success depends on the coordinated development of capture, transport and storage infrastructure. Once operational, it is expected to become one of Europe’s largest onshore CCS installations and a key component of Denmark’s wider carbon management strategy.
Aalborg Portland said the project represents a significant milestone in its transition towards net zero, enabling it to address Scope 1 direct emissions from its cement production operations. Cement production is widely regarded as one of the most difficult industrial sectors to decarbonise due to process-related emissions inherent in clinker manufacturing.
The Danish Energy Agency said the project will play a central role in developing a domestic carbon capture value chain, including infrastructure for CO₂ transport and storage. When fully operational, ACCSION is expected to account for nearly half of Denmark’s targeted annual CO₂ capture capacity under the national programme.
Cementir Holding described the agreement as a decisive step forward in advancing one of Europe’s largest industrial decarbonisation projects. The company said the initiative will help demonstrate how heavy industry can be transformed through large-scale deployment of carbon capture technologies.
The subsidy arrangement is intended to provide long-term revenue certainty for the project, helping to reduce investment risk and enable final development decisions ahead of the planned 2030 commissioning timeline. However, the project remains dependent on the successful coordination of multiple infrastructure components across the CCS value chain.
Once completed, ACCSION is expected to capture a significant share of Denmark’s national carbon reduction targets, reinforcing the country’s position as a leading hub for carbon capture deployment in Europe and supporting broader industrial transition efforts across hard-to-abate sectors such as cement production.
