Stockholm Exergi has been granted SEK 20 billion in support from the Swedish Energy Agency to store 11 million tonnes of carbon dioxide under the seabed. The Authority hopes that the project will drive technology development and reduce the cost of capturing carbon dioxide.
– We capture and separate carbon dioxide that we can permanently remove, says Anders Egelrud, CEO of Stockholm Exergi.
Carbon dioxide in the flue gases is captured using a liquid. In the full -scale plant that is now being built, the climate -affecting gas must be led to Värtahamnen for further transport to the North Sea, where it will be pumped down into the bedrock below the seabed. Each year, 800,000 tonnes of carbon dioxide from Stockholm Exergi’s biofuel -fired heating plants in Värtan will be captured and taken care of.
Reverse auction
The Swedish Energy Agency’s reverse auction aims to produce new and cheaper technology that reduces carbon dioxide content in the atmosphere. Six companies participated in bidding, and Stockholm Exergi made the most competitive bid.
– We make the assessment that they fully meet the requirements and criteria that we have set and that they have the best conditions to succeed with their plan that leads to reduced emissions, says Martin Flack, acting head of department for resource -efficient society at the Swedish Energy Agency.
Construction start within a few months
At the latest in a couple of months, Stockholm Exergi will make investment decisions and start building the facility.
– And that we can then have it in operation, according to plan three years from now, and then we will capture the first tons of carbon dioxide and ensure that they are permanently stored, says Anders Egelrud.