Focus on bio-CCS
Climate change is becoming increasingly apparent. Global carbon dioxide emissions have to be reduced. However, this will not be sufficient to achieve the climate targets. It will also be necessary to remove carbon dioxide from the atmosphere. Our solution is Beccs Stockholm.
In 2025, we began construction of what will become Europe’s largest facility for carbon capture.
We are investing in BECCS because we believe in a future where Sweden and the Nordic region can become leaders in the green transition. Here we enjoy good access to biomass, well-developed district heating and the right geological conditions for storing carbon dioxide. BECCS has the potential to become a new export industry, enhancing Swedish competitiveness, our preparedness and the climate.
We are doing something that nobody else has done. But we are not alone. With support from the EU Innovation Fund, government initiatives and long-term agreements with global actors such as Microsoft, we are creating a solution that the world needs.
"We’re not just building an installation, we’re laying the foundations for a whole new industry for negative emissions."
Egil Nybakk, Director of BECCS
Facts about Beccs Stockholm
- Capture capacity: 800,000 tonnes of carbon dioxide per year – more than the emissions of Stockholm’s road traffic.
- Process: The carbon dioxide is captured, liquefied and permanently stored under the seabed, where it is mineralised.
- Start-up: Planned for 2028, this will make Stockholm one of the first cities in the world to have large-scale carbon capture.
- Design: Designed by the architectural firm Urban Design with contemporary architecture that ties in with the site’s industrial history.
- EU and UN support: Selected by the EU Innovation Fund. The IPCC emphasises that the technology is essential for achieving climate targets.
- Financing: BECCS is cost-effective, but it requires significant investment.
The financing is based on three components:- Government support: just over SEK 20 billion and will be paid out on an ongoing basis for a maximum of 15 years, from the start of geological storage
- EU support: EUR 180 million from the EU Innovation Fund
- Voluntary market: Companies purchase negative emissions to achieve net-zero targets and account for a significant proportion of the financing
