Saipem, Stockholm Exergi Enter into Letter of Intent for CO2 Capture Plant

Decarbonization Saipem, Stockholm Exergi Enter into Letter of Intent for CO2 Capture Plant

2023-07-27 Source: Press release Saipem 2 min Reading Time

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Saipem and Stockholm Exergi have plans to develop a large-scale CO2 capture plant in Sweden. On completion, the plant is expected to capture 800,000 tonnes of biogenic carbon dioxide annually from the biomass-fuelled Värtaverket power plant in Stockholm.

Milano/Italy – Saipem and Stockholm Exergi, the district of Stockholm’s energy company, have signed a Letter of Intent for a large-scale CO2 capture plant to be installed at Stockholm Exergi’s existing bio-cogeneration plant located in the Swedish capital.

Saipem’s scope of work covers the engineering, procurement and construction activities for the carbon capture unit, the CO2 storage as well as the ship loading systems for CO2 transportation.

In the meantime, the Letter of Intent allows the start of limited, engineering-related activities, while finalizing the main terms of the EPC contract expected to be signed in Q3 2023.

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When completed, the plant will be able to capture 800,000 tonnes of biogenic carbon dioxide every year from the biomass-fuelled Värtaverket power plant in Stockholm, thus enabling a net removal of CO2 from the atmosphere, otherwise known as ‘negative emissions’.

Stockholm Exergi’s project, which received financial support from the European Innovation Fund, will be one of Europe’s first large-scale plants to generate ‘negative emissions’, leading to the issuing of Carbon Removal Certificates which can then be traded on the market.

“The cooperation between us and Saipem is an important step towards the development of our large-scale plant for the separation and permanent storage of Bioenergy with Carbon Capture and Storage (BECCS). Stockholm Exergi is at the forefront of establishing BECCS and the goal is to construct one of Europe’s first and largest value chain for bio-energy carbon capture and storage,” said Per Ytterberg, Director of business development at Stockholm Exergi and Head of its BECCS business project.

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