In Sweden, ESG Today reported that Swedish energy company Stockholm Exergi announced that it has been awarded support for bio-CCS, a technology that captures biogenic carbon dioxide before it reaches the atmosphere, through a reverse auction by the Swedish Energy Agency, with granted support of $1.8 billion, to be paid out over up to 15 years.
According to Stockholm Exergi, the new support forms an important part of the financing for its bio-CCS project, anticipated to capture 800,000 tons of carbon dioxide annually.
Anders Egelrud, CEO of Stockholm Exergi, said: “This is a much-awaited announcement that we have worked hard for. The support is a prerequisite for us to be able to build Europe’s largest facility for capturing biogenic carbon dioxide.”
The report noted that Stockholm Exergi is planning to build a bio-energy with carbon capture and storage (BECCS) facility at its bio-cogeneration plant at Värtan, Stockholm.
The facility aims to bring together the bioenergy-based combined heat and power plant fueled by residues from forestry, sawmill and pulp and paper production, the report added.
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Tags: bio-CCS, Stockholm Exergi, Sweden
Category: Fuels
