In Finland, Helsinki municipal energy utility Helen Oy and the Norwegian clean energy company Horisont Energi AS have signed a Memorandum of Understanding (MoU) for cooperation in the areas of the hydrogen economy and carbon capture and storage (CCS). The companies are jointly exploring the capture of carbon dioxide (CO2) from power plant flue gases and the utilization, logistics, and storage of the recovered CO2.
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Horisont Energi is participating in the EU Hydrogen Important Projects of Common European Interest (IPCEI) call with its world-scale clean ammonia project in Northern Norway. The objective of the hydrogen IPCEI is to create value chains related to the production and use of hydrogen and enable sufficient funding for these important projects.
Helen is involved in supporting Horisont Energi’s project.
Power-to-X – a step towards a carbon-neutral society
Emission-free electricity, such as solar or wind power, can be used for manufacturing carbon-neutral products, collectively often referred to as “Power-to- X” (PtX). Various raw materials for the chemical industry can be produced using the captured CO2 and renewable hydrogen.
Carbon dioxide is a climate-warming greenhouse gas, but it can also be utilized as a raw material for various products. Among other things, carbon dioxide can be used to manufacture chemical industry products or carbon-neutral fuels for transport, explained Tuukka Hartikka, Business Lead, Renewable Hydrogen and PtX from Helen.
These PtX projects will require vast amounts of emission-free energy, and new business opportunities are emerging for Finland along with the projects. The growth of emission-free energy, particularly wind power, creates a competitive advantage for Finland.
The production of carbon-neutral energy and customer solutions also feature strongly in Helen’s strategy. For example, the Lakiakangas 3 wind farm, to be completed in January 2022, will increase Helen’s wind power production fivefold.
Carbon neutrality is just the beginning; we are already looking to 2040 and the goal of carbon negativity. In practice, this means that more carbon will be removed than is released into the atmosphere. In other words, emissions are negative. This can for example be achieved by capturing bio-based carbon dioxide from flue gases and storing it underground, said Dr Sari Mannonen, SVP Solutions Business at Helen.
