STOCKHOLM, March 27, 2025 /PRNewswire/ -- Today, Stockholm Exergi announces its decision to build one of the world's largest facilities for capture and permanent storage of biogenic carbon dioxide.
The investment decision marks a major milestone in enabling permanent removals and will help Sweden and the EU reach their long-term climate goals. The investment amounts to SEK 13 billion. Construction will begin immediately, with the goal of having the facility operational in 2028.
- This is a historic moment for Stockholm Exergi and for the green transition. We have worked purposefully for many years to make bio-CCS a reality, and today's decision means that we are moving from plans to action. With this, we assume global leadership in the industry for permanent removals, says Anders Egelrud, CEO of Stockholm Exergi.
The investment decision is made possible through a combination of public support and private purchases of negative emission certificates from companies with ambitious climate targets. The facility will be built in the energy port nearby Värtaverket in Stockholm Once completed, it will capture and permanently store 800,000 tonnes of CO2 annually-more than the emissions from Stockholm's road traffic over the same period. The technology for capturing CO2 has been in use since the 1970s, and Stockholm Exergi has operated a test facility since 2019. The storage method is also well-proven and closely monitored to ensure the CO2 is permanently stored in bedrock beneath the seabed where it mineralises over time.
- This investment decision is a milestone that reflects years of dedication, perseverance, and collaboration. Congratulations to the team at Stockholm Exergi, whose commitment-together with our partners-has made this groundbreaking project a reality. Bio-CCS will play a crucial role on the path to net-zero, and we are proud to support an initiative of global importance, says Carlo Maddalena, Senior Director at APG and Chair of Ankhiale.
Nearly 120 years after the inauguration of Värtaverket, Stockholm Exergi continues to deliver heat and electricity-and while now also reduce CO2 levels in the atmosphere.
- Stockholm is leading the way in climate action, both nationally and internationally. Alongside emissions reductions, bio-CCS will be a critical part of reaching the goal to make Stockholm a climate-positive territory by 2030. We must accelerate the transition, and we are determined to do so, says Emilia Bjuggren, Chair of Stockholms Stadshus AB.
Stockholm Exergi has selected Northern Lights as its partner for CO2 transport and storage. This investment decision now enables Northern Lights to expand its capacity-an important step for future negative emissions projects and the foundation for what could become a new industry, positioning the Nordics and Europe as global leaders in this field.
About bio-CCS and Beccs Stockholm
Bio-CCS is a technology that captures biogenic CO2 before it reaches the atmosphere and permanently stores it in bedrock, removing it from the natural carbon cycle and creating negative emissions. Permanent removals are a vital tool for counteracting emissions that are unavoidable or very difficult to eliminate. They are an essential part of achieving climate targets and net-zero emissions.
Stockholm Exergi's facility, Beccs Stockholm, will be built in the energy port nearby Värtaverket in Stockholm. Värtaverket already produces sustainable heat and electricity from forestry and sawmill residues, such as wood chips, branches, and treetops. By adding the capture and storage of biogenic CO2, we create even greater climate benefits.
Beccs Stockholm is made possible through a combination of funding from the EU Innovation Fund, Swedish government aid and revenue from the private market.
About Stockholm Exergi
Stockholm Exergi is the energy company for the people of Stockholm. Through resource-efficient solutions, we secure the growing region's access to heating, electricity, cooling, and waste services. We provide heat to over 800,000 Stockholm residents, and our 3,000 km district heating network is the backbone of the societal value we create in close cooperation with customers and partners. We are owned by the City of Stockholm and Ankhiale, a consortium of leading European pension funds (APG, PGGM, Alecta, Keva and AXA IM Alts), and have over 800 employees working every day to reduce Stockholm's climate impact. Through Beccs Stockholm, we are driving the realisation of permanent negative emissions.
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Media contact:
Fredrik Persson
fredrik.persson@stockholmexergi.se
+46 (0)73-063 81 71
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