Saipem has signed a Letter of Intent (LoI) with Stockholm Exergi, the district of Stockholm’s energy company, for a CO2 capture unit to be installed at Stockholm Exergi’s existing bio-cogeneration plant located in the Swedish capital, with a capacity of 280 MW heat and 130 MW electricity.
The Letter of Intent allows Saipem to start limited engineering-related activities while finalising the main terms of the EPC contract, which is expected to be signed by late 2023. Saipem will be tasked with overseeing the engineering, procurement, and construction aspects of the carbon capture unit, CO2 storage, and ship loading systems for CO2 transportation.
Once completed, the unit will have the capacity to capture 800,000 t/year of biogenic CO2 from the Värtaverket power plant in Stockholm. This process will enable a net removal of CO2 from the atmosphere, leading to negative emissions. The Stockholm Exergi's project secured financial backing from the European Innovation Fund.