"Our combined expertise will allow us to investigate ways of capturing carbon and ensuring that it remains underground once stored."
DONG Energy will lend its experience in producing and distributing energy while Ikon Science will develop new technologies for monitoring and modelling the injection of CO2 into the earth.
Martyn Millwood Hargrave, Chief Executive of UK headquartered Subsurface Technology developer Ikon Science, said: "We look forward to working with the highly respected CeREES team in Durham to accelerate the development and take up of new technologies and methods including integration with our proven RokDoc subsurface modelling system."
Brent Cheshire, Managing Director of DONG Energy (UK) Ltd, said: "We are delighted to be working together with Durham University and Ikon in this very important area and to build on the position we have already established in the UK both in renewable energy and West of Shetland hydrocarbon exploration."
Margaret Fay, Chairman of Regional Development Agency One NorthEast, said: "Reducing the amount of CO2 released into the atmosphere is possibly the single most important issue facing the world today.
"This announcement is further evidence of North East England's excellent reputation for research in the field of green energy. Global companies recognise that the region is fast becoming a hub for new and renewable energy research and development."
|Contact: Alex Thomas|