The work of building the facility is to begin immediately and the goal is to have it operational by 2028, writes Stockholm Exergi.
"This is a historic moment for Stockholm Exergi and for the climate transition. We have worked purposefully for many years to enable bio-CCS and today's decision means that we are now going from plan to reality. With this, we are taking a global leadership role in the industry for negative emissions", says Anders Egelrud, CEO of Stockholm Exergi.
The investment level is at 13 billion kronor and is made possible through a combination of support from the EU's innovation fund, state aid, and private purchases of certificates for negative emissions from companies.
When the facility is complete, it will capture and permanently store 800,000 tons of carbon dioxide per year, which is more than what Stockholm's road traffic emits during the same period.
CCS stands for Carbon Capture and Storage, i.e. separation and storage of carbon dioxide. Often "bio" is added as a prefix, if the captured carbon dioxide comes from renewable sources.
With the technology, it is possible to capture biogenic carbon dioxide before it reaches the atmosphere and then store it permanently in the bedrock. This creates negative emissions since the carbon dioxide is separated from the biogenic cycle.
The technology has been identified by the UN's climate panel IPCC as an important piece of the puzzle if the world's countries are to succeed in keeping the global temperature increase well below 2 degrees, in addition to emission reductions.
The technology for capturing carbon dioxide has been used since the 1970s and Stockholm Exergi has had a pilot facility in operation since 2019.
Source: Stockholm Exergi, TT
