Petrofac and CO2 Capsol collaborate on carbon capture initiatives


England – Petrofac has entered into an agreement with CO2 Capsol, a business that specializes in carbon capture technology, to collaborate on carbon capture projects.

Petrofac will act as a preferred engineering services partner for CO2 Capsol’s carbon capture potential in the United Kingdom, Europe, and, eventually, globally, under the terms of the non-exclusive agreement.

Both partners will leverage their respective knowledge and capabilities, with Petrofac bringing established technical and project management capabilities and CO2 Capsol bringing carbon capture technology.

Stockholm CO2 neutral

Petrofac and CO2 Capsol are collaborating on a CO2 capture facility that will be built at one of Stockholm Exergi’s combined heat and power facilities in Sweden. Stockholm Exergi awarded Petrofac a Front-End Engineering Design (FEED) contract and chose CO2 Capsol’s End of Pipe (EoP) capture technology as the capture technology. The FEED study for Europe’s largest Bio Energy Carbon Capture and Storage (Bio-CCS) facility has commenced, and Petrofac will incorporate CO2 Capsol’s capture technology, which is based on the Hot Potassium Carbonate (HPC) process.

800,000 tons per year

The bioenergy facility in Stockholm’s Värtan neighborhood has the capacity to capture 800,000 tons of carbon dioxide per year, which is equivalent to the city’s current yearly CO2 emissions from all traffic.

The goal of Stockholm Exergi is to finish construction and commence operations in the second half of 2025.

Large potential

Carbon capture projects are experiencing significant growth. Political commitments, international cooperation, law, and taxation, in conjunction with accessible money, have facilitated the development of projects throughout the world.

Petrofac is extending its New Energies portfolio. The Company’s medium-term objective is to establish a $1 billion business through the provision of engineering, EPC, and operations and maintenance services in the CCUS, offshore wind, hydrogen, and waste-to-value sectors, as well as its commitment to achieving Net Zero Scope 1 and 2 emissions by 2030.