PR Newswire
Summary
Stockholm Exergi plans to build Europe's first large-scale negative emissions plant, a project supported by the EU's Innovation Fund. Today it was announced that EU's contribution to the project amounts to 180 million EUR.
When complete, the BECCS plant will capture 800,000 tonnes of biogenic carbon dioxide every year. The facility will contribute to Sweden's and Swedish and international companies' goals of achieving net zero emissions.
The EU Innovation Fund has chosen to support seven European projects that contribute in various ways to combating climate change with innovative technologies. Stockholm Exergi's project to establish a large-scale plant for the separation and permanent storage of biogenic carbon dioxide is the only one of the seven projects that deploys BECCS technology.
"The support from the EU Innovation Fund is very important to us. It means that we can maintain our timeplan for opening the full-scale plant. The support also represents a clear recognition of the project, a recognition that is particularly important in our work to be a catalyst for establishing a market for negative emissions," says Stockholm Exergi CEO Anders Egelrud.
Carbon capture is being developed as an addition to Stockholm Exergi's already existing bio-cogeneration plant in Hjorthagen in Stockholm. At its research facility, which opened in 2019, Stockholm Exergi has been able to demonstrate the extent of the project's innovation with very high levels of energy efficiency and sustainability. Tests show that it has been possible to capture almost 90 per cent of the biogenic carbon dioxide at high energy efficiency levels due to extensive heat recovery and reuse towards Stockholm's district heating network.
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