Stockholm Exergi, the electricity and heating provider of Sweden’s capital, has announced the start of construction of its Stockholm BECCS (Bio energy with carbon capture and storage) project. The SEK13bn (€1.2bn) project should be able to capture more than 800 ktCO2/year (more than Stockholm’s annual road traffic emissions) once it becomes operational in 2028. The facility is expected to capture and store CO2 released from the company’s Värtaverket biomass-fired CHP production plant, which will be then shipped to Norway for permanent storage in the Northern Lights facility. Funding for the project came from governmental subsidies and loans from the EU fund and the Swedish state, as well as emission certificates purchase by private companies.
Sweden targets a “100% fossil-free” energy mix in 2040 and carbon neutrality in 2045, with negative emissions thereafter.