APM Terminals in Kalundborg invited regional tv channel TV2 Øst to join them at work to showcase how containers are unloaded and loaded and what it takes to make an operation at the terminal successful employees come from all kinds of backgrounds who has a farm alongside her job at the terminal “It’s a good combination – and it’s funny operating the big machinery at the terminal,” she explains The task of loading and unloading 400 containers from the arriving ship is handled by a team of 16 employees during the program The operation runs from early evening into the late morning and relies on teamwork Despite the fact that he is actually retired seventy-two-year-old Jan Andersen – featured in the video below – works as a signalman I find it enjoyable and pleasant—and it adds a bit to my pension I’ll keep at it,” he tells the TV2 Øst journalist while preparing for the unloading of the arriving ship Atmosphere and camaraderie are essential components at the terminal which is clearly shown as the team shares a late-night meal in the communal room Dispatcher Jannik Walentin remarks: “We’re in it together The mood should be good—you can spend hours communicating over the radio so it’s nice to come in and also chat about other things.” Watch the full program Night Shift (in Danish) on TV2 Øst. 20 June 202410:20(UTC)Last modified12 July 202408:42Equinor has been awarded its first CCS exploration permit in Denmark as operator, together with partners Ørsted and Nordsøfonden. The partnership will start surveys to assess if the onshore licence in the North West Zealand can be developed into a safe CO2 storage facility. The partners were today awarded permit holders for the project named CO2 Storage Kalundborg, with a reservoir approximately 1400 meters below ground, and with a potential capacity to store up to 12 million tons of CO2 per year. If the partnership over the next years successfully develops the permit into a CO2 storage facility approved by the Danish authorities, it could start storage of CO2 at the end of this decade. Operator Equinor holds a 60 per cent share in the awarded exploration licence, with partner Ørsted having a 20 percent stake, and the Danish state participating through Nordsøfonden with a 20 percent equity. Equinor expects a 4-8 per cent real base project return for its early phase CO2 storage business, and further value uplift potential when commercial markets are developed. In 2023 The Danish Energy Agency (DEA) made five onshore areas in Denmark available for CCS applications and received this year interest from several companies that want to investigate storing of CO2 in the selected areas. Permits for subsurface exploration are initially granted for up to six years with the option of extension up to a total of ten years. If the license area meets all environmental requirements and is deemed suitable for safe CO2 storage by the Danish authorities, the permit holder has priority to apply for a storage permit. The permit can last for up to 30 years with the possibility of extension. After that, the project will enter a closure phase where the wells are plugged and the CO2 in the subsurface is continuously monitored, according to the DEA. Equinor opened an office in Copenhagen in January 2024 to build a strong foothold in the country, focusing on recruitment and business opportunities within the renewable energy industry and low carbon solutions. We are also present in Denmark through our subsidiaries Danske Commodities, an energy trading house, and the leading solar developer BeGreen. Equinor Brasil Energia Ltda., a subsidiary of Equinor ASA, has entered into agreements(1) with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in Brazil. 30 April 2025 Equinor delivered adjusted operating income* of USD 8.65 billion and USD 2.25 billion after tax in the first quarter of 2025. Equinor reported net operating income of USD 8.87 billion and net income at USD 2.63 billion. Adjusted net income* was USD 1.79 billion, leading to adjusted earnings per share* of USD 0.66. 30 April 2025 NYSE: EQNR) will after the annual general meeting 14 May 2025 commence the second tranche of up to USD 1,265 million of the share buy-back programme for 2025 as announced in relation with the first quarter results 30 April 2025 designed for organizations committed to maximizing their impact designed for organizations looking to scale impact designed for organizations ready to amplify their impact message Share your brand’s purpose through high-impact original content crafted by the TriplePundit editorial team Talk to our team about maximizing your impact communications with 3BL Experience the latest ESG and sustainability news reported by veteran journalists Celebrate your company’s placement on this prestigious ranking Discover what consumers expect from businesses and actionable tips for effective impact communication See how sustainability communications performed throughout 2024 to refine your strategies in the coming year Uncover the top 10 red flags in impact content and practical advice on how to combat these mistakes We help organizations share their sustainability communications with audiences around the world Learn more about the people behind our brand the city’s biggest industrial companies work together across sectors to share excess energy As public and private companies are physically connected one company’s surplus of resources adds value to another more than 20 different streams of excess resources flow between the companies adding more resilience and profit to the partners As a local industrial player in Kalundborg our production site Boehringer Ingelheim Animal Health Denmark is an important partner for the Kalundborg Symbiosis The symbiosis is a partnership between public and private companies aiming to use fewer resources and take a more circular approach to production While Kalundborg is located in a small corner of West Zealand the symbiosis is a globally inspiring example of ways to achieve more sustainability the symbiosis offers 50 years of experience Boehringer Ingelheim Animal Health Denmark explains why we are joining the partnership: “Together with the leadership team I’m thrilled that we are now part of Kalundborg Symbiosis It does make sense to be in a local partnership thus saving both money and minimizing waste Another pleasing point is that we can tap into a professional network in the field of sustainability to connect even better with key profiles in our local community This also allows us to become more visible to new potential employees and business partners.” Including Boehringer, the Kalundborg Symbiosis now has 20 public and private companies (status: 2024) All follow the main principle of the Symbiosis: one partner’s waste becomes another partner’s resource Collaboration and knowledge sharing is key “Joining the Symbiosis allows us to work together with other companies across sectors to share excess energy It is a tangible example of how we in Denmark are striving to be more sustainable and recycle resources and thus implement our sustainability strategy,” Jørgensen says “We are motivated to become more green and to recycle as many resources as possible – and the Symbiosis aligns with this ambition.” there is one specific type of waste from discarded Bovikalc (an oral calcium supplement for dairy cows) that can possibly be absorbed in another company’s raw material – or used in fertilization it is meaningful to let others benefit from our waste instead of paying a fee to the local environmental authorities for getting rid of production waste materials,” Jørgensen explains “The circular approach is a greener and better way of production.” Boehringer is aiming to become carbon neutral in company operations by 2030 by reducing and minimizing emissions a goal that is shared with the Kalundborg Symbiosis Find out more about Boehringer Ingelheim's global sustainability initiatives, ranging from creating more sustainable healthcare solutions and community engagement with impact to environmental stewardship in Imagine: our sustainability story hub. 3BL Media, Inc.P.O. Box 309East Longmeadow, MA 01060 Our Standards: The Thomson Reuters Trust Principles., opens new tab , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved Please enable JS and disable any ad blocker please click the box below to let us know you're not a robot Get the most important global markets news at your fingertips with a Bloomberg.com subscription Look back only two years ago and the name of Danish firm Novo Nordisk would hardly ring a bell. But now, soaring sales of two blockbuster drugs, the anti-obesity and diabetes treatments Wegovy and Ozempic, have turned this pharmaceutical giant into one of Europe's most valuable companies The drugmaker revealed in early February 2025 that its pre-tax profits jumped 22% to $17.8bn (DKK127.2bn/£14.2bn) We are the centre of where the medicine starts – Martin DammStepping off the train on the outskirts of Kalundborg passengers are greeted by birdsong and construction noise It's an unlikely spot for what is now the epicentre of a global weight-loss revolution boxy buildings of Novo Nordisk's sprawling industrial site This is where half of the world's insulin is made It's also where semaglutide is produced the game-changing active ingredient in Ozempic and Wegovy "We are the centre of where the medicine starts, the core substance," Kalundborg's mayor Martin Damm told me, as we toured the plant's perimeter, a vast site covering 1.6 million sq m, equivalent to the size of 224 football pitches "Now you're coming into crane land," announces Damm I quickly counted about 20 of them towering over new concrete structures and temporary cabins It's also brought 3,000 construction workers to the area that will generate three jobs outside," stated Damm Kalundborg's economy has seen ups and downs. Once a shipbuilding centre, it then boomed in the 1960s manufacturing Carmen Curlers a hair roller that was popular in the US until fashions changed Two-thirds of Denmark's GDP growth came from just four boroughs All share one thing in common: they're where Novo Nordisk premises are located Among them Kalundborg saw a staggering 27% growth rate in 2022 according to the most recent data available Novo Nordisk's swelling corporate tax bill has lifted the municipality's finances, which has splashed out on a public swimming area, and plans for a new culture house and library. More than 1,250 homes will be built and ground has been broken for a new motorway to Copenhagen Yet despite this income, local primary schools lag behind on subjects like maths, and the area has a higher rate of overweight children, prompting some criticism Speaking to the BBC, locals in Kalundborg were measured about seeing the benefits just yet that's the same," says Lonny Frederiksen "But young people have more opportunities today." Many workers commute rather than living in Kalundborg "Sometimes I have to wait [because of the] queues and I don't like that." But she's optimistic about the town's future In a few years we'll see the difference." For a century Novo Nordisk's business was built on making insulin but the discovery of semaglutide's weight-loss effect "It is really transforming into a new firm," says Kurt Jacobsen Sales of the weekly weight-loss jab grew 86 percent last year, while Ozempic is the world's biggest-selling diabetes medicine and 45 million people now use the firm's treatments More than half of Novo Nordisk's sales were in the United States, where tens of thousands of new Wegovy users have signed up weekly for prescriptions For a company with its headquarters in a small nation with less than six million people Novo Nordisk's rise has had an outsized impact "There are other companies that also play a big role in the economy but nothing on this scale," says Las Olsen In 2023 Denmark ranked among Europe's fastest-growing economies, as GDP expanded by 2.5% and half of that was driven by the pharmaceutical sector the government now anticipates that growth in 2024 was 3.0% and will be 2.9% this year It's also the country's largest taxpayer while many Danes and pension funds hold shares "In a way Denmark is like the rest Europe we're a lot stronger,' says Olsen you just get surprised how massive it is for a small town – Shaun GambleDollars flooding into Denmark from overseas sales have put pressure on the krone The knock-on effect is lower borrowing costs "We have slightly lower interest rates than the euro area which is a very direct result of all this money inflow," explains Olsen And there are concerns that Novo Nordisk is outgrowingDenmark and could make the economy more vulnerable as mobile giant Nokia failed to compete with new smartphones But most experts here aren't too worried about a similar outcome "Most would agree that there is a low probability," says Carl-Johan Dalgaard  If you have an economy that harbours industrial superstars most would find it a big plus."  However when a few large firms dominate a country's economy – and that's increasingly the picture in Denmark – there can be other drawbacks "There's a worry that with economic influence you might also eventually see political influence emerging which could have policy consequences." Amid tensions over the control of Greenland US President Donald Trump has threatened potential tariffs on Danish goods and Prime Minister Mette Frederiksen recently summoned leaders of the country's biggest companies for a meeting "It has been hinted at from the US side that there may unfortunately be a situation where we work less together than we do today," says Frederiksen Among those present was Novo Nordisk's Jørgensen, and following the company's earnings announcement on 5 February 2025, he told reporters the business was well-prepared "Tariffs are always a bad idea," says Jacob Funk Kirkegaard senior fellow at the Peterson Institute for International Economics nobody would be more resilient to US tariffs than arguably Denmark A company as sophisticated as Novo Nordisk (which also has production outside Denmark) would be able to insulate themselves." a string of large international businesses have emerged from Denmark including shipping giant Maersk Many are partly owned by charitable foundations The model gives longer-term stability and prevents firms being easily broken up vice president of the Danish Chamber of Commerce "If Novo Nordisk were not owned by a foundation I don't think it would be Danish at this moment It would have been sold 10 or 20 years back." The company's philanthropic foundation is now the world's richest, and in 2023 it showered $1.3bn (£1bn/DKK9.1bn) in grants on hundreds of projects Back in Kalundborg a new educational campus has sprung up training the next generation of life sciences workers Helix Lab is financed by the Novo Nordisk Foundation and gives Masters students access to research labs and placements with local biotech firms "You have the industry right across the street and you can collaborate more closely with them," says Maria Riquelme Jimenez a chemical engineering student from Mexico who hopes to eventually find work with Novo Nordisk "It really gives them an advantage for future jobs," adds Anette Birck It's also helping to attract talent and providing opportunities for Kalundborg's youth Overlooking the town's smart waterfront sits Costa Kalundborg Kaffe you just get surprised how massive it is for a small town," he says His coffee shop has seen a pick-up in customers and he's noticed more international students moving to the area it'll be totally different here – in a good way." 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In just three years APM Terminals Kalundborg has gained attention not only for its efficiency and its commitment to sustainability also for its extensive full-service capabilities As part of the Kalundborg Symbiosis network and in partnership with Schultz Shipping Group ensuring smooth and efficient movement of goods Schultz Shipping Group established a 4,000-square-meter warehouse and logistics centre at the Port of Kalundborg with the potential to expand up to 20,000 square meters to meet increasing customer demands there is a 14,000-square-meter outdoor area designated for logistics purposes “Together with Schultz Shipping Group we provide our customers with an integrated terminal flow streamlining operations such as loading This consolidation of services significantly reduces transit times and carbon footprint in the supply chain” “We collaborate closely with APM Terminals complementing each other’s services to ensure top-notch customer experience Our combined efforts create a network and service range that can compete with much larger ports,” he explains "We're thrilled to collaborate with Schultz Shipping Group who shares our vision for a sustainable future through the use of electrified equipment," remarks Klokholm we are proud to be known as the Green Zealand Gateway." The world needs solutions to a wide range of sustainability issues and the biotech industry needs candidates that can provide those solutions That is why the University of Copenhagen has created the new Master of Science (MSc) programme in Biosolutions and located it in Scandinavia’s new biotechnology powerhouse of Kalundborg Being right next to world-leading biotech companies students will have access to professional networks and ample job prospects – all of which are great for anyone seeking a headstart into this field as they earn their MSc The MSc in Biosolutions, the first of its kind, will set you up to seize the growing job opportunities in the field. It is new and jointly offered by the Department of Plant and Environmental Sciences and Department of Food Science Together with the biotech industry leaders it provides an interdisciplinary education that fosters both deep knowledge With 5,000 researchers and 36,500 students the university’s international research and study environment consistently ranks it among the top universities worldwide The MSc in Biosolutions is the only programme of its kind that merges biology and technology You’ll apply current and new technologies to biological materials and address real-world challenges in agriculture “People who really want to make a positive change should choose Biosolutions,” says Professor Serafim Bakalis “We have many problems regarding sustainability we don’t need theory; we need solutions.” The MSc in Biosolutions is a two-year programme you’ll develop the foundation needed to work on bio-based solutions in industrial contexts and study data analysis to enhance bio-based production and design new products with topics such as sustainable production “Our vision is to expand our educational offerings and continue to build and utilise our strong connections with industry partners providing students with access to the most current research ensuring their skills remain highly relevant and can be set into direct use in current and future companies” says Associate Professor Kirsten Jørgensen Head of Study courses in project management and regulations help students navigate the professional landscape with confidence located next to Scandinavia’s largest biotech cluster in Kalundborg our programme is uniquely positioned to encourage collaboration across disciplines and with the industry giving students a head start in the biosolutions sector.” Based in Denmark’s emerging biotech hub the MSc in Biosolutions provides ample opportunities for students to engage with leading companies like Novo Nordisk and Novonesis What truly sets the MSc in Biosolutions programme apart is its links with the biotech industry “Our industry partners played a big role in the programme’s development They’ve expressed the need for the specific skillsets that we’re now teaching our students,” says Professor Bakalis Leading companies actively engage with students holding guest lectures that share real-world production insights and organising site visits that connect theory with practical application “We take full advantage of the close proximity for the students’ benefit,” he says “We organise many site visits where students can observe large-scale industrial processes firsthand an experience that a traditional university campus The scale of process equipment at Novo Nordisk is something we cannot replicate on our campus This means students can see exactly what they will be working with as they study and through student jobs throughout their studies.” a nature-based ingredient solutions company that extracts pectin from citrus peels The company assigns students real-world topics and tasks allowing them to work directly on industry challenges helps students transition more smoothly into the workforce after graduation “The students not only visit the established companies but get acquainted with start up companies to foster their innovative mindset,” says Jørgensen “It is crucial to have a clear overview of the courses ensure that the education remains research-based,” says Professor Jørgensen students are offered various project options allowing them to choose the format that best suits their interests and career goals.” As a result of this well-designed curriculum, you’re set to build a strong start to your career. Countries worldwide are setting targets to foster sustainability for future generations. Denmark’s Climate Act aims to reduce the country’s reducing gas emissions by 70% in 2030 (compared to 1990) and achieve climate neutrality by 2050 With a degree from the University of Copenhagen, you’re signalling to companies and governments that you have the competence to equip students to confront today’s climate challenges head-on. Founded in 1479 the University of Copenhagen is Denmark’s oldest university and is ranked as the fifth best university in Europe It is a world-class public research institution committed to generating new knowledge MSc in Biosolutions graduates benefit from the university’s centuries of experience coupled with your specialised expertise and the growing demand for biotech-expertise You’ll be ready to contribute to developing sustainable and innovative solutions that address global challenges Novo Nordisk will build a new API manufacturing facility to expand its existing facilities in Kalundborg Active pharmaceutical ingredients (API) manufacturing facility announced plans in November 2023 to expand its existing manufacturing capacity by building a new active pharmaceutical ingredients (API) facility in Kalundborg An investment of more than DKr42bn ($6bn) will be made in the project to enhance capacity throughout the entire global value chain Most of the investment will be in expanding API capacity The investment will support the production needs of both present and future offerings of the company in the serious chronic diseases segment The substantial investment coincides with Novo Nordisk’s celebration of the 100th anniversary of its founding in Denmark Construction on the expansion projects is scheduled for gradual completion commencing at the end of 2025 and extending until 2029 Upon conclusion of the construction, the project is expected to generate 800 new jobs within the facilities, including 700 jobs in the new API facility and 100 jobs in the new packaging facility 3,000 external workers will also be employed during the construction phase Novo Nordisk’s new facility will manufacture API for products multi-product establishment built on a 170,000m² (1.82 million ft²) area It will comprise the development of an API recovery factory an API purification factory and a finished products assembly pack The facility will feature state-of-the-art technology and a modern working environment and will be designed to be flexible to accommodate future processes It will consume around 40% less water and 50% less energy than similar API processes in other facilities It will focus on efficient and environmentally sustainable delivery of high-quality products to patients globally Novo Nordisk established the production facilities in Kalundborg in 1969 The Kalundborg site is the world’s largest insulin manufacturing plant and the largest plant of the company The site currently manufactures all the diabetes API as well as some biopharmaceutical products and lines with formulation and filling The facilities cover an area of 1.6 million m² and employ 4,400 people as well as products for obesity and diabetes treatment cells of yeast strains such as saccharomyces cerevisiae are used to produce diabetes care products Novo Nordisk had committed more than DKr18bn ($2.4bn) to the development of production facilities in Kalundborg Novo Nordisk disclosed plans for an additional investment of DKr18bn for the construction of four new production facilities and the reconstruction of three existing ones The production sites currently employ 23,000 people The company anticipates approval for a new production site at Funen in Denmark Novo Nordisk’s Danish headquarters in Bagsværd was inaugurated in 2014. The company also has its NovoSeven® pharmaceutical facility in Hillerod which develops and manufactures new biopharmaceuticals based on proteins cultured in mammalian cells It also opened a global raw material warehouse in 2018 in Hillerod Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network This work, USS Porter (DDG 78) arrives in Kalundborg, Denmark, by PO2 Sawyer Connally, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright Economists warn of "Nokia-style" overdependence on a single sector.  Illustration by Hanneke Rozemuller for POLITICO This article is part of a special report, The New Factory Towns It’s not the first time this small Danish town boomed with the times The question for Mayor Martin Damm is when In the 1920s a bet by a businessman on a new shipyard in Kalundborg went bad. Decades later, a locally famous hair roller-maker — called Carmen Curlers — faded with the 1960s fashion for wavy hair a new giant is rising amid a thicket of cranes and clouds of churned-up dust: a massive factory extension for Novo Nordisk one of the world’s biggest insulin makers and the company behind diabetes drug Ozempic and anti-obesity treatment Wegovy.  “It’s third-time lucky or something like that,” Damm said “The investment by Novo Nordisk is a big deal for the municipality.” The headquarters of Novo Nordisk, Europe’s most valuable company, lies on the edge of the Danish capital Copenhagen, but its production hub has for decades been in Kalundborg a town of 17,000 people on the western edge of the island of Zealand an hour and half train ride from Copenhagen Novo Nordisk’s presence has turned Kalundborg into a 21st-century European factory town where local company BioNtech saw rapid expansion on the back of its groundbreaking Covid-19 vaccine this Danish backwater shows how one big manufacturing player can still rise to dominate a local economic landscape even as many parts of Europe move into the post-industrial age the impact of Novo Nordisk’s success has rippled well beyond Kalundborg Last year, the company’s surging profit and reinvestment rates were widely seen as a key reason why Denmark avoided a recession and why interest rates could stay relatively low capping mortgage payments for many Danish homeowners.  But the rise of Novo Nordisk has also raised concerns in a country of less than 6 million people about whether it could create an unhealthy “Nokia-style” overdependence on a single company or sector If Novo Nordisk’s rate of sales and production growth were for some reason to slow or even reverse the Danish economy would no longer reap the economic benefits “The Danish economy might suffer a similar fate to the Finnish economy following the demise of Nokia,” Nærvig Pedersen said referring to the Finnish mobile phone-maker that didn’t survive the switch to smartphones it would likely make a visible negative impact on GDP and unemployment and interest rates would likely also be higher,” he added the potential downsides of depending on Novo Nordisk seem far away Denmark’s Foreign Minister (and former Prime Minister) Lars Lokke Rasmussen wielded the first spade at the new site in November was building on a proud local tradition of industrial innovation the hair curler-maker that floundered in the 1960s “But I think Novo Nordisk is a more sustainable investment,” he said with a smile.  Around 4,500 people already work at Novo Nordisk’s Kalundborg plant — equivalent to about a quarter of the town’s population The number of employees is set to grow by another 1,500 as the company pours in some €8 billion in planned investment the site was buzzing as workers toiled amid a web of new pipes that will underpin the new factory The approach roads were lined with scores of workers’ vans from all over Europe.  said corporate tax revenue spiked over recent years rising tenfold from around €2.7 million when he took over city hall in 2010 to around €27 million now The growth in well-paid jobs means the city’s personal income tax receipts have increased, even as unemployment and benefits payments dropped. (The town’s jobless rate is 2.3 percent the local tax rate is now around 2 percentage points lower than nearby municipal peers like Odsherred and Slagelse.  it has invested in local projects: A new train station serves the suburb around Novo Nordisk’s site and the town center’s station is about to be upgraded council-funded piers project into the sea from a new public park.  Kalundborg is no 19th-century model town in the mold of British soap maker Lever Brothers’ Port Sunlight or chocolate-maker Cadbury’s Bournville where the companies governed all aspects of local life and provided most of their residents’ needs.  it was clear that despite the town’s overall bright prospects Signs in the windows of a clothing retailer and sporting goods brand both announced imminent closure.  There are no grand factory- or municipal-funded housing projects here: It is the private market that’s expected to respond to rising demand as more workers relocate to Kalundborg.  Damm acknowledged that there would likely be a lag in supply: “One of our challenges is the lack of new homes macroeconomists also have their eye on potential risks associated with Novo Nordisk’s growth specifically that the Danish economy as a whole may become too dependent on it as the country’s biggest taxpayer and they regularly cite mobile telephone-maker Nokia as a cautionary tale.  That once market-leading company generated 4 percent of Finnish GDP at the turn of the century before its failure to make the jump to smartphones triggered a rapid decline in earnings which hit the wider economy hard.  “The government might become more complacent with respect to its objective of sound public finances if it felt it could rely on growing revenue from Novo Nordisk,” said Danske’s Nærvig Pedersen He added that so far he had seen no sign of such complacency There is also the threat of so-called Dutch disease where what looks initially like a windfall ends up having a damaging effect in the longer term The syndrome was named for the impact of a boom within the natural gas industry of the Netherlands which ultimately had a stunting effect on other sectors of the economy.  the risk would be that Novo Nordisk’s rise could lead to a strengthening of the Danish currency which could in turn make the country’s exports more expensive on international markets hitting companies’ competitiveness and ability to grow.  for those whose businesses appeal to the workers at Novo Nordisk such concerns are problems for another time working behind the counter at a café in the town center said the factory’s growth had been good for trade.  “Once we had to make 100 sandwiches; it took us nearly an hour,” he said The sale of the Kalundborg refinery in Denmark to the Klesch Group was announced in June 2021 The transaction has now been completed after receiving the necessary approvals and the legal transfer was completed by 31 December 2021 The agreement covers the Equinor Refining Denmark A/S (ERD) company consisting of the Kalundborg refinery and terminal in the northwest of Zealand the Hedehusene terminal near Copenhagen as well as associated infrastructure and industrial property all ERD employees will be transferred to the Klesch Group with equitable employment terms as within Equinor “This transaction supports Equinor’s strategy to focus its portfolio around core areas Equinor will concentrate its refining position around Mongstad where the company can leverage its integrated industrial cluster expand the portfolio of low carbon energy products provided and contribute to Equinor’s efforts in the energy transition Kalundborg has provided solid results and strong efforts have been made to maintain safe and reliable operations also with the recent challenges caused by the pandemic” says Irene Rummelhoff Equinor’s executive vice president for Marketing The Klesch Group has been in refining for over 10 years and is well positioned to take the business further “I am so pleased that we were able to reach an agreement today to purchase the Kalundborg refinery from Equinor The refinery is first class and so are its people It was challenging during the covid pandemic to undertake this acquisition but through the hard work of both my team and Equinor’s team Given the proximity of our refinery in Germany I’m sure there will be lots of opportunities for both refineries to work together; especially when it comes to deploying our decarbonisation strategy” The Kalundborg refinery was built in 1961 and was acquired by Equinor in 1986 before significantly increasing capacity in 1995 The plant can process 107,000 barrels a day of crude oil and condensate for gasoline Annual production capacity is up to 5.5 million tonnes of oil products be dependent on approval by the Danish authorities Further commercial details on the transaction will not be disclosed with separate markets and largely their own competence bases.  Equinor will continue to develop the refinery business at Mongstad Mongstad is tightly integrated into Equinor’s oil and gas value chain and plays a significant role in the development of new value chains This transaction does not affect Equinor's ownership and/or operation of Danske Commodities The Klesch Group is an international industrial commodities group founded in 1990 The company is involved in the production and trading of oil and metals as well as other global commodities and related financial derivatives The group currently employs 650 professionals across seven locations in five countries This work, Setting the theater for DEFENDER 24: U.S. Army Reserve and Danish military open Kalundborg port for Immediate Response, by Thomas Mort, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. We highlight an eco-industrial park in Denmark where co-located companies share energy Related to this episode:   I’m Keren Sookne with a Take Five video for Healthcare Packaging Today we’re talking about how proximity plays a role in sustainability efforts At the[PACK]out conference in Austin, TX, in May, Samantha Smith, Director of Medtronic’s newly created Sustainability Design Center explained during a panel that one reason why hospital recycling isn’t easy is because often the recyclers simply aren’t near hospitals They can't do a milk run to come in and pick up the material on a daily basis—the medical packaging material is going to build up at the facility Moving a large volume of hospital plastics just doesn’t make sense for a variety of reasons right now—it’s an expensive hassle to move it’s difficult to collect and sort and store in already compact footprints and there’s a carbon footprint associated with long transport distances just isn’t there in many municipalities and just like with consumer recycling it’s going to have to be efficient for these busy hospitals if it’s gonna become the norm we’re taking a step outside of packaging to look at an example of the symbiotic and efficient nature of co-located facilities Kalundborg Symbiosis is an eco-industrial park in Denmark where 13 companies across sectors collaborate to make the best possible use of each other's by-products and share resources “companies work together across sectors to share excess energy As public and private companies are physically connected one company’s surplus of resources adds value to another.” More than 20 different streams of excess resources flow between the companies adding more resilience and profit to the partners Not only are there tangible sustainability benefits but the Symbiosis model also bolsters trust and innovation within the community “It benefits the people such as employees We are working together to reduce thousands of tons of CO2 emissions each year.” They add that sustainability and profit go hand in hand – something they want to be the next normal let’s talk healthcare applications at the industrial park I’m certainly not advocating for building a ton of new industrial parks Even when they’re designed with sustainability in mind new facilities come with big carbon footprints and they take up needed greenspace and may reduce biodiversity in the area We can’t develop every single inch of land and have a healthy planet But I think it’s key to understand that you can’t overcome geographical hurdles—to either re-use or recycling logistics—until you’ve identified them Once companies know what they’re up against they can get really creative looking around at their neighbors and what infrastructure is available I think something that’s so interesting about the Kalundborg examples is the cross-industry nature of the project those in the life science community tend to look within life sciences for solutions It makes sense—no other sector is regulated in the same way But for sharing by-products and resources there may be great opportunities to collaborate with facilities far outside of healthcare all industries will have to get much more efficient at sharing resources to cut down on unnecessary waste and curb emissions if you’ve found ways to get creative at your facility and have symbiotic or collaborative relationships with your neighbors we at Healthcare Packaging want to hear about it Reach out to me on LinkedIn with your story That’s all for today but stay tuned for ongoing coverage of this important topic See you next time at Take Five for Healthcare Packaging May 23 Microsoft announced a new carbon removal offtake agreement with energy provider Ørsted for the purchase of one million tonnes of carbon removal over ten years from Ørsted’s new bioenergy carbon capture and storage (BECCS) project in Denmark The agreement adds to a prior commitment from Microsoft announced last year to buy 2.67 million tonnes of carbon removal from the Ørsted project bringing the total purchase under contract to 3.67 million tonnes of CO2 will establish carbon capture at two of Ørsted’s Danish power stations including the wood chip-fired Asnæs Power Station in Kalundborg on western Zealand and at the Avedøre Power Station’s straw-fired boiler in the Greater Copenhagen area The two combined heat and power (CHP) plants are linked to the grid enabling them to act as hubs for the handling and shipping of carbon and green fuels They will not only serve as hubs for the capture and shipping of its own carbon but they will also for shipping carbon produced by other players Carbon captured at the plants will be shipped for permanent storage at the Northern Lights storage reservoir in the Norwegian part of the North Sea Anticipated to come online by the beginning of 2026 the new project is expected to capture and store approximately 430,000 tonnes of CO2 every year Ørsted announced last year that it had been awarded a $1 billion 20-year contract for the project by the Danish Energy Agency alongside the initial commitment from Microsoft Senior Vice President and Head of Ørsted’s Bioenergy business “This expanded collaboration with Microsoft is a testament to our shared vision for a sustainable future By combining Ørsted’s expertise in bioenergy carbon capture and storage with Microsoft’s commitment to reducing its carbon footprint we’re showcasing how strategic relations can accelerate the transition to a greener economy.” Microsoft will offtake 1 million tonnes of BECCS carbon removal from the Avedøre Power Station which would have otherwise been emitted through the natural carbon cycle Senior Director of Energy & Carbon Removals at Microsoft “We’re proud once again to announce a landmark offtake agreement with Ørsted which is pioneering responsible carbon removal development in Denmark while also meeting the needs of a decarbonised energy system The urgency around climate goals means translating great planning into rapid action – and Ørsted remains a valuable collaborator in bringing big ideas to life.” Companies / Energy Transition / Environment / Join our mailing list for the latest breaking ESG investment news LevelC-LevelSVP / EVPDirector / VPManager / SupervisorMid or Entry LevelFreelance / ContractStudent / InternRetiredOther FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsR & DProcurement & ContractingSupply Chain & DistributionSustainabilityStrategyTechnologyOther We use cookies to enhance your browsing experience We use cookies to help you navigate efficiently and perform certain functions You will find detailed information about all cookies under each consent category below The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site We also use third-party cookies that help us analyse how you 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customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns Join the ESG Today daily newsletter and get all the top ESG stories FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther has announced it will electrify all cranes in its deep-water container terminal within seven months to further lift the standard of responsibility operated by APM Terminals (APMT) since March 2021 additionally announced that the container handling equipment in the short term will run on HVO100 fuel – or hydrotreated vegetable oil – reducing CO2 emissions by 90 per cent the terminal will look into other decarbonised solutions for the container handling equipment The announcement was made on 31 October ahead of the first call at the terminal by Laura Maersk the world’s first hydrogen powered container vessel READ: Port of Felixstowe welcomes Maersk’s methanol-powered vessel The commitment by Port of Kalundborg to electrify its cranes and for APMT to switch to HVO100 fuel means that within months the terminal will offer customers a huge reduction in landside emissions Kalundborg will become one of only a handful of APMT to use the biofuel joining APMT Gothenburg and P400 in Los Angeles which has used a similar renewable diesel since 2021 said the Port of Kalundborg has “vast potential” as an environmentally friendly and faster route to the important market in and around Zealand READ: APM Terminals Bahrain appoints new MD we can offer a green gateway to the Zealand market,” added Gutman “Not only is this unique in a Danish context it is also unique internationally and places Kalundborg on the world map as a leader of the green energy transition,” Gutman added In the summer of 2023, APMT reached an agreement with the Port of Kalundborg in Denmark to extend the concession of Kalundborg container terminal to 2033 More recently, APMT and DP World announced an initiative to accelerate decarbonisation of the world’s terminals through the widespread electrification of container handling equipment (CHE) DP World is set to implement OneStop Modal and the OneStop Vehicle Booking System (VBS) The US House of Representatives has voted to overturn the Environmental Protection Agency‘s (EPA) 2023 global schedule reliability surged to 57.5 per cent Container throughput at the Port of Melbourne totalled 267,000 TEUs in March 2025 Cover image: ©Associated Press The death toll has risen to at least 70 Novo Nordisk will invest $2.5 billion to construct three manufacturing facilities and expand its Kalundborg According to Danish drugmaker Novo Nordisk the expansion will support production of Novo Nordisk’s current and future injectable and oral products A spokesperson for Novo Nordisk told BioProcess Insider its Kalundborg site has been selected because the firm has “more than 50 years’ experience out of Kalundborg in Denmark; about 50 % of the total insulin production comes from Kalundborg; we have the best manpower and optimal process equipment in place and we have a strong cooperation with the local industry the educational institutions and the municipality.” The firm said most of the investment will provide additional capacity across the global value chain to produce active pharmaceutical ingredients (API) as well as assembly and packaging services “Kalundborg is currently the cornerstone in our production of API and the expansion of the manufacturing capacity is important to meeting the future demands of patients The investment announced today emphasizes our continued commitment to Denmark and Kalundborg being at the heart of our global manufacturing setup” The firm said the three plants will be automated and include various production technologies and the investment projects are anticipated to be finalized in 2027 The facility will create around 400 jobs and over 2,500 external employees will be employed throughout the construction phase “We have education opportunities at all levels in the area and don’t anticipate any major problems recruiting the 400 people we anticipate [hiring],” the firm told us Journalist covering global biopharmaceutical manufacturing and processing news and host of the Voices of Biotech podcast I am currently living and working in London but I grew up in Lincolnshire (UK) and studied in Newcastle (UK) Got a story? Feel free to email me at [email protected] CSL Seqirus signs pandemic preparedness plan with European Commission Ins & Outs: Biopharma players shuffle c-suite ranks American made: Companies continue to emphasize US manufacturing Transforming Protein Production: Lonza’s Comprehensive Solutions for Therapeutic Innovation Registered in England & Wales with number 01835199 The Port of Kalundborg in Denmark has revealed it will electrify all cranes in its deep-water container terminal within seven months to further lift the standard of responsibility operated by APM Terminals since March 2021 additionally announced that the container handling equipment in the short term will run on HVO100 fuel – or hydrotreated vegetable oil The port expects that this will reduce CO2 emissions by 90 percent the terminal will look into other decarbonized solutions for the container handling equipment we can offer a green gateway to the Zealand market,” said Gutman “Not only is this unique in a Danish context – it is also unique internationally and places Kalundborg on the world map as a leader of the green energy transition.” Kalundborg will become one of only a handful of APM Terminals to use the biofuel joining APM Terminals Gothenburg and P400 in Los Angeles which has used a similar renewable diesel since 2021 The announcement was made a few days after APM Terminals and DP World released a joint White Paper calling for the electrification of terminal equipment on a global scale The Port of Kalundborg has been one of the first port authorities to back the Net-Zero Ports initiative The White Paper says that the tipping point for battery-electric CHE can be reached within the next 2-8 years this does require immediate action by terminal operators Daily news and in-depth stories in your inbox The Pioneers of Offshore Engineering GustoMSC part of NOV’s Marine and Construction business is recognized for providing advanced design & engineering consultancy for mobile offshore units and reliable equipment and technical knowledge into realistic & innovative ideas The performance of new and existing jack-ups received its first vessel call on 1 March 2021 the terminal looks back on a successful year during which it gained importance as an attractive alternative to Copenhagen given the majority of containers discharged in the capital are transported onwards to other destinations in the country.  In addition to offering approximately 12h shorter steam times by sea the terminal has helped remove heavy trucks out of the Copenhagen traffic The container terminal in Kalundborg is fully owned by APM Terminals and has a yearly capacity of 50 000 TEU (35 000 container moves) a maximum draft of 15 metres and 100 reefer plugs Two mobile cranes offer lifting capacity of 100 tons each and a third crane capable of lifting 150 tons is also available for operation We are glad to share Ensia articles free of charge under the terms of Creative Commons’ Attribution-NoDerivs 3.0 Unported license please attribute the writer and Ensia as the original source and link to the Ensia article You must use the “Get Article” link below and use the copied text for your repost. Stories may not be edited without permission from Ensia. Please send an email to contact@ensia.com with a link to the republished story on your site once posted Images and other visuals are not included in this license. For specific questions related to visuals, please contact David Doody. For other inquiries, email contact@ensia.com You can paste it directly into the WYSIWYG editor of your site 2014 — When we look closely at systems in nature — coral reefs or rainforests for instance — we see something we don’t often see in human systems: mutually beneficial relationships and energy flows among the various elements If we emulate these relationships in our cities and in our industrial infrastructure we can vastly improve the sustainability of natural resources and energy use That’s exactly what the municipality of Kalundborg, 64 miles west of Copenhagen, is doing. In fact, for over 50 years, Kalundborg has been home to the first — and still the most advanced — example of this concept: the Kalundborg Symbiosis Anchored originally by a power and district heating plant this innovative industrial complex has grown to include some large and profitable enterprises including the biggest oil refinery in the Baltic Region; an insulin-producing plant with 2,700 employees; factories making enzymes for use in everything from bioenergy to textiles and gypsum for lightweight building materials; and the largest sewage treatment plant in northern Europe water and a host of other resources that would otherwise be treated as waste supply some of the energy and many of the feedstocks to these operations and to the surrounding municipality inputs and outputs weave together like strands of thread creating a tapestry of efficiency.“To some visitors it can be a little confusing here because it’s old and new private houses and industrial area,” says Lisbeth Randers a project officer with the Symbiosis Center “The way it works in Denmark is that residential and industrial have to find a way to live and work next to each other there would be many complaints and penalties But environmental protection is so good in Denmark The heart of the industrial complex at Kalundborg occupies 4 square kilometers provides not only electricity to the grid but steam to four industrial plants as well as heat to the local municipality and to a fish farm In return it receives water from a refinery and the municipality It also sends its fly ash for processing by the cement industry and its gypsum to be made into building materials The energy company has a biomass gasification plant and a project that converts municipal solid waste to biofuel it’s advancing the “Kalundborg Integrated Energy Concept,” or KINEC which aims to substitute biomass for coal at the Kalundborg power station Straw — 30,000 tons of it per year — comes from the local farmers as a major feedstock for ethanol yeast slurry goes from the insulin plant to the nearby farms Another initiative moving forward is Cluster Biofuels Denmark an advanced research project using algae for removing and incorporating nitrogen phosphorus and carbon from industrial wastewater With support from the central and municipal governments and the European Union Kalundborg has attracted the attention of business people and investors policy makers and students from all over the world “In 2006 85 percent of our production was coming from the rest from green sources,” says Niels Christian Kjær a top executive at DONG Energy and past president of the Kalundborg Symbiosis we will switch that number: 85 percent will be green energy.” policy makers and students from all over the world who come to learn how they can create their own industrial symbiosis “What is excellent about Kalundborg is that the town hall has full focus in this,” says Kjær. “They want to be the leading town, number one in innovation. They want to have people come from all over the world to learn and say, ‘Wow.’” UPDATED 12.22/14: New wording clarifies the planned change from coal to biomass at the Kalundborg power station. Ensia shares solutions-focused stories free of charge through our online magazine and partner media. That means audiences around the world have ready access to stories that can — and do — help them shape a better future. If you value our work, please show your support today. Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up now for our bi-weekly newsletter and you'll get the latest stories from Ensia delivered straight to your inbox. Diabetes care giant Novo Nordisk today announced plans to invest 850 million Danish kroner ($135 million) in expanding its production facilities in Kalundborg, Denmark. This new investment brings Novo Nordisk’s total investments in site Kalundborg to more than 2 billion kroner in 2020. Novo Nordisk currently manufactures a range of diabetes care products in Kalundborg, and the new investment will be used to rebuild and expand an existing production facility to create additional capacity for manufacturing the pharmaceuticals of the future. In February, Novo Nordisk announced an investment of 800 million kroner in upgrading and expanding facilities at its production site in Kalundborg to ensure capacity for future production of existing and new-generation diabetes care products. In May, the company announced a further investment of 150 million kroner in a new tablet packaging production line, followed up in June by an investment of 225 million kroner. TwitterLinkedin Copyright © The Pharma Letter 2025   |   Headless Content Management with Blaze APM Terminals and Maersk announce an agreement for shifting the carrier’s feeder volumes from Copenhagen to a new facility in the Port of Kalundborg Kalundborg will receive two weekly feeder services with rotation Bremerhaven (Germany) Fredericia (Denmark) and back to Bremerhaven which represents approximately 30% of the volumes of the island of Zealand in Denmark Kalundborg will be added to global supply chain routes by gaining a link with Aarhus and therefore Maersk’s AE5 service which connects Aarhus and North Europe ports with Asia Moller – Maersk as our first customer subsequently has chosen APM Terminals in Kalundborg to serve as their main point of logistics in the Eastern part of Denmark we see an opportunity to provide customers with a great service and an efficient and competitive product in a strong location which is well connected accessible and closer to industry and customers of the port” APM Terminals has agreed with Port of Kalundborg to establish terminal operations in the area Ny Vesthavn effective March 2021 The new area has been designated by the Port of Kalundborg with a water depth of 15m and fully paved with the required infrastructure to start operations APM Terminals will be ramping up presence to have staff and equipment in place to start operations and serving customers in March “Kalundborg is a port undergoing rapid development and investments and now also with APM Terminals as operator we see a great synergy in moving our business to Kalundborg Kalundborg is situated well to cater for our growth ambitions in Zealand and to manage our current customer base better and more sustainably.” said Stig Kirkegaard APM Terminals has extended the container terminal concession at the Danish Port of Kalundborg by ten years to 2033 A rapidly expanding alternative to the Port of Copenhagen is located next to the deepsea route in the Great Belt Moller-Maersk began operations in Kalundborg in March 2021 receiving its first vessel call The terminal’s 50,000 sq m area located in Ny Vesthavn has access to one of the largest areas in Denmark while offering approximately 12-hour shorter steam times by sea APM Terminals said it plans to ramp up its presence in the area by assuming responsibility of all facility crane operations The company will also introduce food and veterinary control as new customer services following investments made by the Kalundborg port earlier this year “We will continue to invest to leverage our global capabilities locally in Kalundborg we see an opportunity to provide customers with an exceptional service and an efficient and competitive product in a strong location and closer to industry and customers of the port,” said Mikael Gutman Don't have an account? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world 2022 at 1:00 AM EDTBookmarkSaveLock This article is for subscribers only.In the Danish harbor town of Kalundborg a storage yard for shipping containers that opened last year has quickly become among the Nordic country’s busiest and a towering example of how the war in Ukraine is grinding the gears of global trade have forced companies to halt shipments bound for Russia until they decide where to store or redirect the goods It’s one of the reasons why European port congestion has worsened since Russia’s Feb Equinor ASA has inked a deal for the sale of subsidiary Equinor Refining Denmark AS (ERD)—including the ERD-operated 107,000-b/d refinery at Kalundborg, in northwest Zealand, Denmark—to UK-based Klesch Group, owner of Raffinerie Heide GMBH’s 4.5-million tonne/year (tpy) refinery at Hemmingstedt Alongside the Kalundborg refinery and associated terminal in Zealand the proposed sale—which hinges on approval by Danish authorities—includes ERD’s Hedehusene terminal near Copenhagen and associated infrastructure and industrial property Further commercial details on the planned transaction including its value and timeframe for conclusion Klesch Group said it will retain existing ERD employees with equitable employment terms compared with those provided by Equinor Equinor said sale of the Danish refining assets supports its broader strategy of focusing on core areas which in refining center around subsidiary Equinor Refining Norway AS’s 266,000-b/d refinery in Mongstad The Mongstad plant specifically will play a major role in Equinor’s development of new value chains Given the Kalundborg refinery’s proximity to the Heide refinery said he expects its acquisition will provide ample opportunity for synergies between the two particularly with relation to implementing the firm’s decarbonization strategy Equipped to process a broad range of crudes and condensates from Scandinavia and Africa the Kalundborg refinery can produce up to 5.5 million tpy of finished products mainly for markets in the Baltic Sea area Robert Brelsford joined Oil & Gas Journal in October 2013 as downstream technology editor after 8 years as a crude oil price and news reporter on spot crude transactions at the US Gulf Coast He holds a BA (2000) in English from Rice University and an MS (2003) in education and social policy from Northwestern University May 16 Denmark-based energy provider Ørsted announced that it has been awarded a 20-year contract for its “Kalundborg Hub” carbon capture and storage (CCS) project by the Danish Energy Agency (DEA) with planned capacity to remove and store over 400,000 tonnes of CO2 per year The Ørsted Kalundborg Hub project will see the company establish carbon capture at two of its Danish power stations Ørsted said that it expects the plants to begin capturing and storing biogenic carbon emitted from the plants in 2025 and to capture and store approximately 430,000 tonnes of CO2 every year from the beginning of 2026 The deal marks the first tender of Denmark’s CCUS subsidy scheme which forms part of the Danish Climate Agreement on energy and industry launched in 2020 and aimed at achieving a 70% emissions reduction by 2030 The scheme allocates 16 billion DKK (USD$2.3 billion) to carbon capture and storage initiatives the tender with Ørsted covers approximately half of the amount allocated Deputy Director of the Danish Energy Agency “I am very pleased that we are ready to sign a contract with Ørsted The decision is a giant step forward for the CCS industry in Denmark as it is the first time in history a contract for full scale CCS has been awarded.” Carbon captured at the plants will be shipped to the Northern Lights storage reservoir in the Norwegian part of the North Sea. The Northern Lights project as the transport and storage component of Longship the Norwegian Government’s full-scale carbon capture and storage project with the government describing carbon capture and storage as a prerequisite for reducing global greenhouse gas emissions in line with the Paris Agreement climate targets “According to the UN’s Intergovernmental Panel on Climate Change (IPCC) capture and storage of biogenic CO2 is one of the tools we must use to fight climate change and our CCS project will contribute significantly to realising the politically decided Danish climate targets for 2025 and 2030.” the company also unveiled a 2.76 million tonne carbon removal agreement with tech giant Microsoft one of the largest of its type by volume to be announced to date “Our landmark long-term agreement with Ørsted for high-quality carbon removal supports Microsoft’s commitment to become carbon-negative by 2030 sends a strong demand signal to scale the market and showcases the power of partnership and the technological innovation needed to help the world make the clean energy transition.” Ørsted formed a collaboration in 2021 with Microsoft and carbon capture tech provider Aker Carbon Capture to explore the technological and commercial possibilities of developing carbon capture at biomass-fired heat and power plants Aker will serve as the carbon capture provider for the new project providing five of its “Just Catch” units to the CHP plants “We’re proud of our partnership with Ørsted and see this project as a milestone for our standardised Just Catch offering to the mid-scale emitter market We look forward to working with Ørsted and to contributing to their decarbonisation journey and to Denmark’s CCUS ambitions.”