NIB
Summary
Stockholm Exergi has secured a SEK 2 billion (approx. EUR 176 million) loan from NIB to support the construction of Europe’s largest Bio Energy Carbon Capture and Storage (Bio-CCS or BECCS) facility. Construction is set to begin in 2025, with the facility expected to be operational during 2028.
BECCS is a technology that captures biogenic carbon dioxide (CO2) before it reaches the atmosphere. Through the process, the carbon dioxide is captured and converted into liquid form. As part of Stockholm Exergi’s partnership with Northern Lights, the liquid CO2 is then transported by ship to the Northern Lights underground storage facility in the North Sea. This creates negative emissions through carbon dioxide separation from the biogenic cycle.
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