Nordea and Inherit Sign Multi-Year Carbon Removal Agreement
Oslo, Norway – March 13, 2025 – Nordea has signed a multi-year agreement with Inherit for the purchase of at least 68,000 tons of carbon removal credits. This marks the first deal of this magnitude among Nordic financial institutions.
Under the agreement, Nordea will purchase credits from Inherit’s Bioenergy with Carbon Capture and Storage (BECCS) project. The project captures CO2 from a Danish biogas plant processing organic waste and permanently stores it under the North Sea. Credit generation begins in 2026, making this one of the first BECCS plants to operate in the Nordic region.
“We look forward to working on this exciting project with Inherit, as it is one of the first projects to start operations in the Nordic region. Through this commitment we are accelerating our operational sustainability efforts and, in addition, supporting the scaling of innovative solutions essential to reach long-term climate goals and keeping global warming within the boundaries of the Paris Agreement,” says Peter Sandahl, Head of Climate & Environment at Nordea.
“We are excited to partner with Nordea on this groundbreaking project and to see that Nordea goes to such great lengths to accelerate the carbon removal industry. Together, we’re taking an important step towards a net zero future, and we look forward to this collaboration going forward,” says Kaja Voss, Co-CEO of Inherit.
This collaboration highlights the role of financial institutions in advancing durable carbon removal solutions to meet global climate goals.
About Nordea
Nordea is a universal bank with a 200-year history of supporting and growing the Nordic economies – enabling dreams and aspirations for a greater good. Every day, Nordea works to support its customers’ financial development, delivering best-in-class omnichannel customer experiences and driving sustainable change.
About Inherit Carbon Solutions
At Inherit, we’re rethinking carbon removal—avoiding energy-intensive methods and preserving farmland. By capturing CO₂ from biomethane production, we’re paving the way for a sustainable future. Our mission is to remove gigatons of CO₂ from the atmosphere and store it safely for millennia.
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