SubsidieMeestersSilverstone: 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.
Projectdetails
Introduction
Project Silverstone offers permanent CO2 capture and mineral storage (CCMS) through a safer and more economical technology than provided by alternative Carbon Capture and Storage (CCS) solutions. The Carbfix technology imitates and accelerates geological processes that nature has applied for millions of years to regulate long-term CO2 levels in the atmosphere, turning CO2 into solid carbonate minerals underground.
Project Overview
The project will deploy full-scale CCMS at one of the largest geothermal power plants in the world, reaching a near-zero carbon footprint. The technology is proven at the project site to be safe, efficient, and environmentally friendly.
Self-Sufficiency
For the planned CCMS activities, the site is entirely self-sufficient with respect to:
- Water
- Energy
- Storage
It does not depend on any external feedstock. By injecting CO2 dissolved in water into basaltic formations, it is rapidly and permanently transformed to minerals, and risks associated with conventional CCS are eliminated.
Community Support
The method has gained full support of the local community in Iceland as well as with national and municipal authorities.
Scale-Up Potential
The project will have considerable scale-up potential, providing a significant impact for emission reduction within the geothermal sector. The roll-out of the technology in Iceland is supported by Iceland’s Climate Action Plan, where the Carbfix technology is recognized as instrumental for CCMS of emissions from geothermal power production and energy-intensive industries.
Emission Reduction Goals
This project alone will deliver 10% of the emission reductions that Iceland’s Climate Action Plan calls for, targeting 55% emission reductions by 2030 within the energy and industrial sectors not covered by the EU ETS.
Replication Potential
The replication potential of the project is not limited to the geothermal sector, as the technology is adaptable to several hard-to-abate sectors, including:
- Steel
- Cement
- Ammonia
- Waste management
Financiële details & Tijdlijn
Financiële details
| Subsidiebedrag | € 3.867.988 |
| Totale projectbegroting | € 3.867.988 |
Tijdlijn
| Startdatum | 1-12-2021 |
| Einddatum | 30-6-2031 |
| Subsidiejaar | 2021 |
Partners & Locaties
Projectpartners
- CARBFIX HFpenvoerder
- ORKUVEITA REYKJAVIKUR SF
- ON POWER OHF
- CARBFIX OHF
Land(en)
Vergelijkbare projecten binnen Innovation Fund
| Project | Regeling | Bedrag | Jaar | Actie |
|---|---|---|---|---|
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 |
Coda by Carbfix - a highly scalable, cost effective CO2 mineral storage hubCoda Terminal aims to be the first carbon mineral storage facility, utilizing sustainable shipping to permanently store CO2 in Iceland, significantly aiding EU climate goals. | InnovFund LSC | € 115.000.000 | 2023 | Details |
FUse, REuse,ReCycleThe FUREC project converts non-recyclable waste into 54,000 tonnes of hydrogen annually, supplying the chemical industry while achieving a 101% reduction in greenhouse gas emissions. | InnovFund LSC | € 108.000.000 | 2023 | Details |
Reduction of CO2 emissions in methanol production from municipal non-recyclable wasteThe ECOPLANTA project aims to transform non-recyclable municipal waste into 237 kt/y of methanol, reducing GHG emissions by 3.4 Mt CO2eq over ten years while displacing fossil fuels. | InnovFund LSC | € 106.379.783 | 2021 | Details |
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.
Coda 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.
FUse, REuse,ReCycle
The FUREC project converts non-recyclable waste into 54,000 tonnes of hydrogen annually, supplying the chemical industry while achieving a 101% reduction in greenhouse gas emissions.
Reduction of CO2 emissions in methanol production from municipal non-recyclable waste
The ECOPLANTA project aims to transform non-recyclable municipal waste into 237 kt/y of methanol, reducing GHG emissions by 3.4 Mt CO2eq over ten years while displacing fossil fuels.
Vergelijkbare projecten uit andere regelingen
| Project | Regeling | Bedrag | Jaar | Actie |
|---|---|---|---|---|
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 |
Ascending to the top of CO2 avoidance in the EU cement sector through the innovative OxyCalciner technologyThe OLYMPUS project aims to retrofit the Milaki cement plant in Greece for net-zero carbon emissions through innovative CCS technologies, achieving significant GHG reductions and promoting green construction materials. | InnovFund LSC | € 124.268.490 | 2024 | Details |
Coda by Carbfix - a highly scalable, cost effective CO2 mineral storage hubCoda Terminal aims to be the first carbon mineral storage facility, utilizing sustainable shipping to permanently store CO2 in Iceland, significantly aiding EU climate goals. | InnovFund LSC | € 115.000.000 | 2023 | Details |
First industrial scale carbon capture for lime production integrated with transport of CO2 to coastal hub and shipping to geological storage in the North SeaThe CalCC project aims to decarbonize the lime industry by capturing and storing CO2 emissions at Lhoist's Réty site, achieving 87% greenhouse gas emission avoidance through innovative Cryocap™ technology. | InnovFund LSC | € 125.198.197 | 2023 | Details |
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.
Ascending to the top of CO2 avoidance in the EU cement sector through the innovative OxyCalciner technology
The OLYMPUS project aims to retrofit the Milaki cement plant in Greece for net-zero carbon emissions through innovative CCS technologies, achieving significant GHG reductions and promoting green construction materials.
Coda 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.
First industrial scale carbon capture for lime production integrated with transport of CO2 to coastal hub and shipping to geological storage in the North Sea
The CalCC project aims to decarbonize the lime industry by capturing and storing CO2 emissions at Lhoist's Réty site, achieving 87% greenhouse gas emission avoidance through innovative Cryocap™ technology.