Through its Industrial Leap programme, the Swedish Energy Agency has granted SEK31 million (€2.9m) to Nordion Energi for making the project in question investment-decision ready.

To be established in the Port of Malmö, the Hub is expected to come online in 2030, offering a yearly handling capacity of 1.5 million tonnes of CO₂ (including storage).

"There is great potential for making Southern Sweden more sustainable with the help of carbon dioxide capture - and with a hub we can contribute to enabling that potential. A common infrastructure for liquid carbon dioxide will make the entire process from capture to final storage significantly more cost-effective for customers," commented Henrik Nebrelius, Chief Development Officer, Nordion Energi.

He furthered, "Many projects for carbon dioxide capture are currently emerging around Sweden. We believe that the Malmö Hub can become a precedent for how to collaborate to create a better system solution."

Photo: Copenhagen Malmö Port