Iceland – Fluor Corporation and Carbfix have struck an agreement to investigate integrated carbon capture and storage (CCS) systems.
Together, the businesses seek to lessen the effects of climate change by assisting in the decarbonization of challenging industries with high greenhouse gas emissions, such as cement, steel, and aluminum.
The businesses will collaborate with clients looking for end-to-end CO2 reduction by utilizing their individual specialties. Fluor will contribute its extensive engineering, procurement, and construction expertise as well as its own Econamine FG PlusSM carbon capture technology. By dissolving CO2 in water and injecting it into porous basaltic rock formations, Carbfix’s transformational technology causes the CO2 to naturally create stable carbonate minerals within two years.
CO2 abatement initiatives
Through the MOU, the two businesses are also authorized to pursue CO2 abatement initiatives like direct air capture and bioenergy carbon capture and storage.
In Iceland, Carbfix has been using their technique to convert CO2 into stone for more than ten years. With a target of boosting this rate to 95% by 2025, the company now absorbs and mineralizes one-third of the CO2 emissions from Iceland’s biggest geothermal power plant.
