Businesswire·2025-10-02 06:57Core Insights - TotalEnergies has entered into a Farm-Down Agreement with CarbonVault, granting TotalEnergies E&P Denmark a 45% interest in the Bifrost Carbon Capture and Storage (CCS) Project, with CarbonVault holding 35% and Nordsøfonden 20% [1][10]. Project Overview - The Bifrost Project consists of two CO2 offshore storage licenses located approximately 200 kilometers west of the Danish coast and is part of TotalEnergies' North Sea CCS portfolio [2]. Partnership and Decarbonization Efforts - SCHWENK, the German cement producer, has selected the Bifrost Project as its preferred solution for future emissions storage, highlighting TotalEnergies' role in aiding customers' emissions reduction through its CCS capabilities [3]. - TotalEnergies aims to support the decarbonization of European businesses through various projects, including Bifrost, by implementing the best available technologies for carbon storage [5]. Strategic Importance - The Bifrost Project is considered a cornerstone of Denmark's ambition to establish a European hub for CO2 storage, emphasizing the project's significance in the broader context of carbon neutrality [4].