S'abonner

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.

Share:

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.

  • Populaires ​
Thermal Energy launches a CAD 1.4M heat recovery project
Donald Trump significantly increases US tax credits for carbon capture
Czech Republic hit by massive power outage disrupting the economy
France anticipates significant slowdown in emission reductions starting in 2025
Gabon reactivates deep offshore blocks to stem oil decline
SIAAP and SUEZ inaugurate France’s largest biogas production unit at Seine Aval
SIAAP and SUEZ have inaugurated a new biogas production unit at the Seine Aval wastewater treatment plant, the largest in Europe, as part of a modernization project to strengthen the energy sovereignty of the Paris region.
Hydron Energy secures first contract for commercial biomethane plant
Canadian company Hydron Energy will supply its innovative INTRUPTor-Mid technology to produce renewable natural gas in Ontario, marking its first commercial order in the biomethane sector with a promise of significant cost reductions.
United States: Donald Trump extends biogas tax credit until 2029
US President Donald Trump has ratified a law extending until the end of 2029 the tax credit on renewable natural gas production from biomass and animal manure, aiming to boost the rural economy.
Valmet to supply biomass boiler to Kraftringen for its plant in Sweden
Valmet secures a contract to deliver a bubbling fluidized bed biomass boiler and flue gas handling equipment to Kraftringen Energi's upcoming combined heat and power plant, aimed at strengthening energy supply in Sweden.
Elcimaï Environnement converts Laon wastewater into marketable biomethane
Elcimaï Environnement has completed a methanisation unit integrated into Laon's wastewater treatment plant, now enabling the conversion of sludge and bio-waste into biomethane injected into the local grid, meeting the annual energy needs of 1,150 households.
Teréga and GRDF inaugurate Occitanie’s first biomethane reverse-flow station
Infrastructure manager Teréga and GRDF inaugurated in Auch, Occitanie, the region’s first biomethane reverse-flow station, designed to facilitate biomethane transfer from the distribution to the transport network, representing an investment of €3mn ($3.27mn).
Eni launches its first agri-hub for industrial-scale vegetable oil production in Congo
Eni has inaugurated its first vegetable oil extraction plant in Loudima, Republic of the Congo, marking the country's entry into the global biofuel supply chain for the transport industry.
France: Toul inaugurates 8.5 MW biomass heating plant with ENGIE Solutions
The city of Toul has officially inaugurated a biomass heating plant operated by ENGIE Solutions, intended to supply heating from wood-energy to over 2,400 local homes starting from the next winter season.
North American biomethane market to reach 604 mmcfd in 2025
North American biomethane capacity will increase by 70 million cubic feet per day in 2025 following a record growth of 139 mmcfd in 2024, driven notably by transportation sector demand, according to Wood Mackenzie.
Voluntary carbon market attracts $3 billion to industrial biomass sector
The voluntary carbon market intensifies industrial interest in carbon capture within the pulp and paper and bioenergy sectors, creating an estimated $3 billion opportunity through carbon credit trading.
Germany Shakes Up Biomethane and GHG Markets with New RED III Directive
Germany’s announcement to eliminate double counting is shaking up manure-based biomethane and GHG certificate markets, prompting buyers to anticipate significant price hikes.
SUEZ to supply 53 GWh of low-carbon energy annually to Bouygues Telecom
SUEZ signs a 15-year renewable electricity supply agreement with Bouygues Telecom, covering 53 GWh annually from household waste energy recovery, effective from 2027.
Waga Energy deploys eLandfill to optimize biogas management in Aix-en-Provence
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 opens talks for biomass project in Amos
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.
Global Bioenergies seeks buyer after failing to secure strategic funding
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 launches biomethane unit on Vancouver Island with FortisBC
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.
Biogases could meet 25% of global natural gas demand, says IEA
A new report by the International Energy Agency identifies significant untapped potential in biogas and biomethane, hindered by regulatory and economic barriers.
Carbonité launches Canada’s largest biochar plant with 10,000-tonne capacity
Joint venture between Airex Énergie, Groupe Rémabec and SUEZ begins industrial biochar production in Port-Cartier, targeting 30,000 tonnes annually by 2026.
TotalEnergies sells 50% of PGB to HitecVision to develop biogas in Poland
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.
Alder Renewables and Bioénergie AECN launch Project Avance to produce sustainable aviation fuel in Québec
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.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING