Göteborg Energi, Nordion Energi, Preem, St1, Renova, and Gothenburg Port Authority have established the CinfraCap venture tasked with investigating the logistics of transporting and storing captured carbon dioxide for onward shipping.
The parties have commissioned the consulting company COWI to carry out a prestudy - half of which will be financed by the Swedish Energy Agency's Industrial Evolution climate initiative - focused on finding the optimal means of collecting captured CO2 and then transporting it to the Port of Gothenburg for storing and shipping out, as well as assessing the risks, identifying what permits will be needed, and presenting a business model.
The prestudy is due for completion in Q1 2021.
The CO2 will ultimately be injected into a repository site. As such, CinfraCap is also working on the Northern Lights project, a full-scale CO2 storage location off Norway's west coast, scheduled to be operational in 2023/2024.
"We must speed up the process if we are to achieve our climate goals and collaboration is the best way forward. We expect to be able to transport two million tonnes of captured carbon dioxide per year from our quayside facility and to do so we must have an efficient infrastructure," Elvir Dzanic, Chief Executive, Gothenburg Port Authority, commented.
Karin Lundqvist, Business Developer, Preem, added, "We are starting up CinfraCap in western Sweden although the ultimate aim is to share our experience and the business model behind the carbon capture infrastructure with the rest of Sweden and the world. We are joining forces with other partners to ensure the requisite resources are in place to rapidly reduce the climate impact of companies and contribute to a sustainable future."
Photo: European Commission, DG TREN