CO2 Capsol to participate in FEED study for BECCS

According to the International Energy Agency (IEA), Bioenergy with Carbon Capture and Storage (BECCS) is the only carbon dioxide removal (CDR) technology that can also provide energy and is required to meet net-zero ambitions.

In IEA’s Net Zero Emissions Scenario, 250 million tonnes of carbon dioxide (CO₂) need to be removed through BECCS by 2030. This is far from the BECCS projects currently in the early and advanced stages of development which could reach 40 million tonnes of CO₂ per year by 2030.

This is an important project to reach Sweden’s climate policy goals of net zero greenhouse gas emissions by 2045, followed by negative emissions from 2045, and we are pleased to see that the client has decided to move forward with a FEED study. This proves our position in Bioenergy with Carbon Capture and Storage – BECCS – which involves CO₂ captured from biogenic sources such as plants, trees, and soil, and permanently stored. When CO₂ from the incineration of biogenic sources is captured and stored, instead of releasing the biogenic CO₂ to the atmosphere, negative emissions are created by removing CO₂ from the atmosphere, said Jan Kielland, CEO of CO2 Capsol.

Gaining traction

CO2 Capsol is emerging as an attractive technology provider for CO₂ capture from in BECCS projects. Recent activities within BECCS include:

• a license agreement for using CapsolEoP at Stockholm Exergi’s biomass powered combined heat and power (CHP) plant at Värtaverket in Stockholm, Sweden;
• a 12-month CapsolGo demonstration campaign for a major German energy company will start operating during Q1 2023, with a 6-month campaign at a biomass-fired CHP plant;
• completed a feasibility study for a plant in the BECCS value chain in the United States (US), that is now expected to move forward to the next phase.