Sweden – Saipem and Stockholm Exergi, the district of Stockholm’s energy firm, have signed a Letter of Intent for a large-scale CO2 capture plant to be erected at Stockholm Exergi’s existing bio-cogeneration plant in the Swedish capital.
When fully operational, the plant will be able to absorb 800,000 tonnes of biogenic carbon dioxide annually from Stockholm’s biomass-fueled Värtaverket power station, resulting in “negative emissions,” or the net removal of CO2 from the atmosphere.
The scope of work for Saipem includes the design, development, and construction of the carbon capture unit, the CO2 storage, and the ship loading systems for the transfer of CO2.
Funding
The Letter of Intent permits the beginning of restricted engineering-related operations while finalizing the fundamental provisions of the EPC Contract, which is anticipated to be completed in Q3 2023.
One of Europe’s first large-scale plants to produce “negative emissions” and produce Carbon Removal Certificates that can be exchanged on the market is Stockholm Exergi’s initiative. It was funded by the European Innovation Fund.
