Carbon-neutral technology leader Aker Carbon Capture has signed an extension to the Memorandum of Understanding with CO2 storage company Carbfix.
The two companies agreed to cooperate and explore compatible mechanisms for developing complete CSS value chains for industrial carbon emitters.
The aim of the partnership will be to provide a full-scale solution to harmful emissions by capturing carbon and permanently storing it in underground stone.
This project is made possible by the novel Carbfix technology, which involves dissolving carbon in water and injecting it into porous basaltic stone formations, where, over the course of 2 years, under the influence of naturally occurring processes, it will form stable carbonate minerals.
Over a decade ago, Carbfix started practical testing for CO2 mineralization in basaltic stone formations in Iceland. Their efforts so far have resulted in the mineralization of over 90,000 tonnes of CO2 captured from the emissions of a geothermal power plant.
The company’s future ambitions include bringing this technology to a broader market of emitters, which Carbfix hopes to achieve via the partnership with Aker Carbon Capture.
As an established leader for mid- to large-scale carbon removal solutions, Aker has extensive field-proven work experience across a range of CO2-heavy industries and sectors, including cement, waste-to-energy, gas-to-power, and blue hydrogen.
Their proprietary CCS technology and vast portfolio of successful projects have earned them the leading market position in North Europe.
The company has recently developed a next-generation modular emission-capturing plant and is now working to expand operations into North America.
The partnership between the two trailblazing companies comes after a successful collaboration in 2021 on a carbon emissions mineralization project for Elkem Iceland‘s ferrosilicon plant.
The two companies share a vision for point source capture and storage innovations, and they will aim to collect between 100,000 and 1 million tonnes of CO2 per year, primarily from hard-to-abate industries.