SubsidieMeestersCoda by Carbfix - a highly scalable, cost effective CO2 mineral storage hub
Coda Terminal aims to be the first carbon mineral storage facility, utilizing sustainable shipping to permanently store CO2 in Iceland, significantly aiding EU climate goals.
Projectdetails
Introduction
The Coda Terminal will be the world’s first carbon mineral storage terminal, providing a new, safe and scalable method of permanent CO2 storage.
Project Overview
Coda will establish the full carbon capture and storage (CCS) value chain, using sustainable propulsion to ship CO2 to Iceland for injection into basaltic rocks and permanent storage as carbonate minerals.
Significance
Coda is a novel, low-cost CCS solution and a crucial contribution to achieving the EU’s long-term climate targets.
Goals
The project plans to achieve:
- 91% relative greenhouse gas emission avoidance over the first ten years of operation.
Financiële details & Tijdlijn
Financiële details
| Subsidiebedrag | € 115.000.000 |
| Totale projectbegroting | € 115.000.000 |
Tijdlijn
| Startdatum | 1-1-2023 |
| Einddatum | 30-9-2039 |
| Subsidiejaar | 2023 |
Partners & Locaties
Projectpartners
- CARBFIX HFpenvoerder
- DAN-UNITY CO2 A/S
- CODA TERMINAL HF
- ORKUVEITA REYKJAVIKUR SF
- SEAPEAK MARITIME HOLDINGS (DENMARK)A/S
- Hafnarfjordur Harbour
- Rio Tinto Iceland Ltd.
- CARBFIX OHF
Land(en)
Vergelijkbare projecten binnen Innovation Fund
| Project | Regeling | Bedrag | Jaar | Actie |
|---|---|---|---|---|
Kairos-at-C, Building strong momentum for massive decarbonisation in the EU through a unique end to end CCS projectKairos@C aims to establish a scalable cross-border carbon capture and storage hub in Antwerp, capturing and permanently storing 14 Mt of CO2 over ten years while enhancing regional industrial competitiveness. | InnovFund LSC | € 356.859.000 | 2020 | Details |
K6 ProgramThe K6 Program aims to create Europe's first carbon neutral cement by transforming a historic plant with innovative technology, reducing emissions by 8.1 Mt CO2e over ten years. | InnovFund LSC | € 153.386.598 | 2022 | Details |
Swedish large-scale steel value chain demonstration of Hydrogen Breakthrough Iron-making TechnologyThe HYBRIT project aims to decarbonize the European iron and steel industry by replacing coal with fossil-free hydrogen for steel production, potentially avoiding 14.3 Mt CO2eq emissions annually. | InnovFund LSC | € 143.000.000 | 2022 | Details |
Bio-Energy Carbon Capture and Storage (BECCS) at the existing Combined Heat and Power-plant KVV8 at Värtaverket, Stockholm, SwedenThe Beccs Stockholm project aims to establish a full-scale BECCS facility to capture and store CO2, achieving 7.0 Mt CO2e removals while enhancing renewable energy efficiency. | InnovFund LSC | € 180.000.000 | 2021 | Details |
Kairos-at-C, Building strong momentum for massive decarbonisation in the EU through a unique end to end CCS project
Kairos@C aims to establish a scalable cross-border carbon capture and storage hub in Antwerp, capturing and permanently storing 14 Mt of CO2 over ten years while enhancing regional industrial competitiveness.
K6 Program
The K6 Program aims to create Europe's first carbon neutral cement by transforming a historic plant with innovative technology, reducing emissions by 8.1 Mt CO2e over ten years.
Swedish large-scale steel value chain demonstration of Hydrogen Breakthrough Iron-making Technology
The HYBRIT project aims to decarbonize the European iron and steel industry by replacing coal with fossil-free hydrogen for steel production, potentially avoiding 14.3 Mt CO2eq emissions annually.
Bio-Energy Carbon Capture and Storage (BECCS) at the existing Combined Heat and Power-plant KVV8 at Värtaverket, Stockholm, Sweden
The Beccs Stockholm project aims to establish a full-scale BECCS facility to capture and store CO2, achieving 7.0 Mt CO2e removals while enhancing renewable energy efficiency.
Vergelijkbare projecten uit andere regelingen
| Project | Regeling | Bedrag | Jaar | Actie |
|---|---|---|---|---|
Silverstone: Full-scale CO2 capture and mineral storage at the Hellisheidi power stationProject Silverstone aims to achieve near-zero carbon emissions by using Carbfix technology for permanent CO2 capture and mineral storage at a geothermal power plant in Iceland. | InnovFund SSC | € 3.867.988 | 2021 | Details |
Carbon dioxide (CO2) Storage In deep volcaNic areasCO2SINk aims to validate a novel CO2 storage method in deep volcanic areas to enhance safety and scalability of carbon capture, targeting gigatonne-scale storage by 2050 while managing associated risks. | ERC POC | € 150.000 | 2023 | Details |
Decentralised Direct Air Capture The most sustainable, affordable and scalable way to produce clean CO2 on demandSkytree develops modular, small-scale carbon capture solutions to produce clean CO2 for sustainable greenhouse farming, reducing reliance on fossil fuels and enhancing crop yields. | EIC Accelerator | € 2.481.587 | 2024 | Details |
CO2 Mineralisation: Conversion of Waste to New Building MaterialsMIN CO2 aims to develop a sustainable method for converting noncombustible waste into low CO2 footprint building materials, enhancing carbon capture and generating income through innovative technology. | ERC POC | € 150.000 | 2024 | Details |
Silverstone: Full-scale CO2 capture and mineral storage at the Hellisheidi power station
Project Silverstone aims to achieve near-zero carbon emissions by using Carbfix technology for permanent CO2 capture and mineral storage at a geothermal power plant in Iceland.
Carbon dioxide (CO2) Storage In deep volcaNic areas
CO2SINk aims to validate a novel CO2 storage method in deep volcanic areas to enhance safety and scalability of carbon capture, targeting gigatonne-scale storage by 2050 while managing associated risks.
Decentralised Direct Air Capture The most sustainable, affordable and scalable way to produce clean CO2 on demand
Skytree develops modular, small-scale carbon capture solutions to produce clean CO2 for sustainable greenhouse farming, reducing reliance on fossil fuels and enhancing crop yields.
CO2 Mineralisation: Conversion of Waste to New Building Materials
MIN CO2 aims to develop a sustainable method for converting noncombustible waste into low CO2 footprint building materials, enhancing carbon capture and generating income through innovative technology.