Stockholm Exergi launches the first industrial BECCS project using Capsol technology

Stockholm Exergi approves investment in an industrial BECCS project using Capsol’s CO₂ capture technology, backed by Microsoft and Frontier Group, targeting 800,000 tonnes of CO₂ removed annually from 2028.

Partagez:

Swedish energy company Stockholm Exergi has approved the final investment decision for what will become the world’s first large-scale Bioenergy with Carbon Capture and Storage (BECCS) project. Scheduled to capture and store 800,000 tonnes of carbon dioxide per year from 2028, the project will implement the CapsolEoP® carbon capture technology developed by Norwegian company Capsol Technologies.

Structured financial and commercial partnerships

The project is supported by multiple financing mechanisms. The European Innovation Fund has granted €180mn, while long-term purchase agreements have been signed with Microsoft Corporation for 3.33mn tonnes of carbon credits and the Frontier Group consortium for an estimated $50mn. Frontier includes Meta Platforms Inc., Stripe Inc., Alphabet Inc., Shopify Inc., and McKinsey & Company.

CapsolEoP®, Capsol Technologies’ end-of-pipe solution, is based on the use of the solvent Hot Potassium Carbonate (HPC). It is expected to reduce carbon capture costs by 20 to 60% compared to amine-based technologies. This solution is particularly suited for biomass and waste-to-energy facilities with limited excess heat availability.

Commercial and industrial prospects for Capsol

Through this project, Capsol strengthens its position in the emerging negative emissions segment. The company reports a portfolio of biomass and waste incineration projects totalling a potential of 7.8mn tonnes of capturable CO₂, representing estimated licensing revenues of €80mn to €115mn, based on a target price of €10 to €15 per tonne.

Wendy Lam, Chief Executive Officer of Capsol Technologies, stated that this first final investment decision for a large-scale project marks a strategic milestone for the company. She anticipates accelerated commercial traction and broader adoption across industrial sectors.

The decision by Stockholm Exergi underscores the evolving framework for financing and contracting BECCS solutions. It may also influence strategies among industrial stakeholders seeking direct, certifiable carbon removal solutions.

The Aix-Marseille-Provence metropolis entrusts Waga Energy with the digital management of biogas generated from waste at the Arbois facility using the eLandfill platform, to enhance technical efficiency and operational monitoring at the site.
Minéraux Stratégiques Abitibi has signed a non-disclosure agreement paving the way for talks with the Abitibiwinni First Nation and the City of Amos to develop a biomass plant on the former Résolu industrial site.
Due to insufficient industrial backing, Global Bioenergies has launched a pre-pack sale process amid high bank debt and limited liquidity. Offers must be submitted by 9 July.
Waga Energy has commissioned a biomethane facility in British Columbia, in partnership with FortisBC and Capital Regional District, marking the first unit of its kind on Vancouver Island.
A new report by the International Energy Agency identifies significant untapped potential in biogas and biomethane, hindered by regulatory and economic barriers.
Joint venture between Airex Énergie, Groupe Rémabec and SUEZ begins industrial biochar production in Port-Cartier, targeting 30,000 tonnes annually by 2026.
TotalEnergies sold 50% of Polska Grupa Biogazowa to HitecVision for €190mn to accelerate biogas development in Poland and reach 2 TWh of biomethane by 2030.
Project Avance aims to build a pilot plant in Québec to produce Sustainable Aviation Fuel (SAF) from sawmill residues, contributing to the decarbonisation of the aviation sector.
A public inquiry on Gardanne’s biomass sourcing begins as GazelEnergie resumes operations at 4,000 hours per year.
Aemetis Biogas recorded $1.6mn in revenue in April from California LCFS and federal D3 RIN credit sales, pending capacity expansion with seven new digesters.
Facing supply fluctuations, integrated biorefineries are emerging as an effective industrial solution, combining diverse feedstocks to optimize operating costs and secure renewable fuel supplies, crucial to achieving carbon neutrality goals.
Rennes Métropole and ENGIE Solutions are launching a EUR156mn project to extend a 78-kilometre district heating network powered entirely by renewable and recovered energy sources.
German group EnviTec Biogas inaugurated its largest US plant earlier this year in South Dakota, reinforcing its industrial partnership with SJI Renewable Energy Ventures.
Aemetis Biogas recorded a 55% increase in renewable natural gas production in March, supported by favourable weather conditions and the expansion of its digester project in California.
The National Assembly approved legislation enabling the conversion of the Saint-Avold coal-fired power plant to biogas, fulfilling a government pledge and impacting approximately 500 jobs.
The French renewable gas sector recorded a 27% rise in output in 2024, reaching 11.6 TWh, although new unit commissioning fell back to 2019 levels.
Urbaser will operate the Étoile verte incinerator in Saint-Ouen-sur-Seine from January 2026 under a €700mn, twelve-year agreement signed with Syctom, the public operator for the Paris region.
Several air transport groups believe the renewable fuel levels set by the European Union for 2030 are unattainable given current production capacities.
The French Senate passed a bill supporting the conversion of the Saint-Avold coal-fired power plant into a biogas facility, a pivotal decision affecting nearly 650 jobs.
Iraq has initiated its first waste-to-energy project in Baghdad, a $500 mn venture supported by Chinese firm SUS ENVIRONMENT and overseen by Iraqi authorities.