Carbfix and Kenya’s Great Carbon Valley have signed a Memorandum of Understanding (MOU), agreeing to collaborate in investigating the potential for CO2 mineral storage in Kenya.
This milestone agreement was officially established at COP28, signaling a promising future for carbon capture and storage initiatives in the East African nation.
With Carbfix‘s expertise in CO2 mineral storage technology and Great Carbon Valley’s local knowledge and resources, the partnership holds the potential to make a meaningful impact on mitigating CO2 emissions.
Supported by Africa Climate Ventures, Great Carbon Valley is focused on creating extensive industrial parks that provide all-inclusive solutions for energy-intensive businesses. Their goal is to help these businesses operate more efficiently and reach net-zero targets.
The company is committed to creating direct air capture projects fueled by geothermal energy and CO2 storage, to be located in eco-friendly industrial centers within the Great Rift Valley.
Bilha Ndirangu, CEO of Great Carbon Valley, commented on the occasion, stating that Africa is well positioned to contribute to the fight against climate change due to its significant renewable energy resources and the minerals required for carbon storage. The partnership with Carbfix is seen as an important step forward in achieving these goals.
For more than ten years, Carbfix has utilized its technology to capture carbon dioxide from a geothermal power plant in Iceland and transform it into stone by mineralizing it in underground basalt rock formations. Since 2017, Carbfix has also offered mineral storage for the initial direct air capture and storage plants developed by Climeworks.
Carbfix plans to use its extensive expertise in the field to provide the mineral storage needed for Great Carbon Valley’s plan, making use of the region’s extensive basaltic formations.
Edda Aradóttir, CEO of Carbfix, expressed her excitement about the partnership, stating, “It is a core mission for us to build on our long experience in Iceland to implement our technology in other geographies, and we are truly excited about the potential of this new collaboration with Great Carbon Valley.”