Stockholm Exergi has announced plans to construct one of the largest facilities for capturing and permanently storing biogenic carbon dioxide.
This investment decision represents a significant milestone in achieving permanent carbon removals, aiding Sweden and the EU in meeting climate goals. The total investment amounts to SEK 13 billion (around USD 1.3 billion), with construction set to begin immediately. The facility aims to be operational by 2028. Funding for the project arises from a combination of public support and private purchases of negative emission certificates.
“This is a historic moment for Stockholm Exergi and the green transition,” said Anders Egelrud, CEO of Stockholm Exergi. The company has worked for years to advance bio-CCS technology, moving from plans to actionable steps toward global leadership in the industry.
The facility will be located in the energy port near Värtaverket in Stockholm. Once completed, it will capture 800,000 tonnes of CO₂ annually. This volume exceeds the emissions produced by Stockholm’s road traffic during the same period. CO₂ capture technology has been used since the 1970s.
Stockholm Exergi has operated a test facility since 2019, and the storage method is well-proven and closely monitored. The CO₂ will be permanently stored in bedrock beneath the seabed, where it will mineralize over time.
“This decision reflects years of dedication and collaboration,” said Carlo Maddalena, Senior Director at APG and Chair of Ankhiale. He emphasized the project’s global importance and its essential role in achieving net-zero emissions targets.
Stockholm Exergi has selected Northern Lights as its partner for CO₂ transport and storage. This decision enables Northern Lights to expand its capacity effectively. Such expansion is a critical step for future negative emissions projects, establishing the Nordics as global leaders in this field.
Bio-CCS technology captures biogenic CO₂ before it enters the atmosphere and permanently stores it underground to create negative emissions. Permanent removals are vital for addressing unavoidable emissions, helping meet climate targets and achieve net-zero emissions.
