Denmark CCS Fund — Large-Scale Carbon Capture Subsidy

Denmark NECCS Fund — Negative Emissions CCS

Funds companies capturing and storing biogenic CO2 in Denmark through the Danish NECCS subsidy fund for negative emissions.

⚠ This may reflect a past cycle — verify the current call on the funder's site.

The Danish Energy Agency (Energistyrelsen) administered the Negative Emissions via CCS Fund (NECCS Fund) as part of Denmark's three-fund CCS subsidy program. The fund was established under the 2022 Finance Act green sub-agreement with DKK 2.5 billion to achieve 0.5 million tonnes of annual negative CO2 emissions from 2025. Contracts were paid per tonne of CO2 captured and stored, over an 8-year support period.

The NECCS Fund operated with an 8-year support period (shorter than the CCUS Fund's 20+ years), designed to prevent long-term lock-in of cheap biogenic CO2 sources so they remain available for future utilization. Total contract value was approximately DKK 2.6 billion.

For-profit companies were directly eligible. The fund was open to operators capturing CO2 from biogenic sources: biogas upgrading, biomass power/heat plants, the biogenic fraction at waste incineration plants, and direct air capture (DACCS). Applicants submitted bids via the EU-Supply digital tendering portal with a fixed price per tonne CO2 stored. The fund concluded in April 2024 when contracts were awarded to three companies: BioCirc CO2 ApS, Bioman ApS, and Carbon Capture Scotland Limited, securing 160,350 tonnes of CO2 per year from 2026 through 2032.

No future rounds are planned. The fund has been concluded and wound down. Applicants looking for active Danish CCS funding should review the active CCS Fund (DKK 28 billion, tender opened October 2024).