Stockholm Exergi has announced that it is to build one of the world’s largest facilities for capture and permanent storage of biogenic carbon dioxide. The investment decision marks a major milestone in enabling permanent removal and will help Sweden and the EU reach their long-term climate goals. The investment amounts to SEK 13 billion. Construction will begin immediately, with the goal of having the facility operational in 2028.
The investment decision has been made possible through a combination of public support and private purchases of negative emission certificates from companies with ambitious climate targets. The facility will be built in the energy port nearby Värtaverket in Stockholm Once completed, it will capture and permanently store 800 000 tonnes of CO₂. The technology for capturing CO₂ has been in use since the 1970s, and Stockholm Exergi has operated a test facility since 2019. The storage method is said to be well-proven and closely monitored to ensure the CO₂ is permanently stored in bedrock beneath the seabed where it mineralises over time.
The city of Stockholm has been prominent in the climate action movement, both nationally and internationally. Alongside emissions reductions, bio-CCS will be a critical part of reaching the goal to make Stockholm a climate-positive zone by 2030.
Stockholm Exergi has selected Northern Lights as its partner for CO₂ transport and storage. This investment decision now enables Northern Lights to expand its capacity – an important step for future negative emissions projects and the foundation for what could become a new industry, potentially positioning the Nordics and Europe as global leaders in this field.
