CO2 Capsol to Install its Carbon Capture Tech at Heat and Power Plant in Stockholm
Norwegian firm CO2 Capsol announced on July 9 that it has signed a license patent agreement with Stockholm Exergi for the use of CO2 Capsol’s Hot Potassium Carbonate (HPC) carbon capture technology at Stockholm Exergi’s biomass Combined Heat and Power (CHP) in Stockholm.
The facility, set to begin operations at the end of 2025, is expected to capture up to 800,000 tonnes of CO2 per annum, making it the largest carbon capture operation in Scandinavia.
Swedish energy company Stockholm Exergie, which produces resource-efficient district heating, district cooling, and electricity, commented: “As a result of being a first mover to install CO2 Capsol’s proprietary technology, Stockholm Exergi has received more favorable terms than CO2 Capsol expects to achieve on following projects… Nevertheless, the patent license agreement will generate highly satisfactory income for the company no later than in 2024.”
CO2 Capsol’s longer-term objective is to become a global leader in capturing CO2 from cement, biomass, energy-from-waste (EfW), power plants, and industrial facilities with its safe and cost-competitive Hot Potassium Carbonate (HPC) carbon capture technology Capsol EoP (End of Pipe).