Even if we reduce our emissions globally, it’s not enough—we also need to remove carbon dioxide from the atmosphere to meet climate goals. With our planned carbon capture facility, Stockholm will become one of the first cities in the world to capture carbon dioxide on a large scale—while continuing to supply residents with district heating and cooling. Incredible, right?
800,000 tons of CO₂—that’s how much the facility will capture each year. That’s more than the total emissions from road traffic in Stockholm during the same period.
Once the carbon dioxide is captured, it is converted into liquid form and then transported to a permanent storage site beneath the seabed. There, it mineralizes and becomes part of the bedrock.
A facility to be proud of
World-leading. With operations planned to begin during 2028, Stockholm will be among the first cities in the world to capture carbon dioxide on a large scale.
A Landmark. In collaboration with Urban Design—the architectural firm behind our multiple award-winning biomass power plant in Hjorthagen—we aim to create a facility that naturally blends with its surroundings. The design vision draws inspiration from the area’s rich industrial architecture history while offering a contemporary expression.
Supported by the EU and UN. Our project has been selected by the EU Innovation Fund for its potential to help transform Europe’s energy sector and mitigate climate change. The UN’s climate panel, IPCC, has stated that carbon capture is absolutely necessary if we are to achieve our climate goals.
How is it financed?
Bio-CCS is a cost-effective way to remove biogenic carbon dioxide from the atmosphere—but it’s a major investment for a single company. Therefore, the project is financed through three pillars: government support, EU funding, and significant revenue from companies purchasing carbon credits (to offset their emissions). All parts are necessary.
Government Support. Stockholm Exergi has been granted funding through the Swedish Energy Agency’s reverse auction for bio-CCS. The approved support totals over 20 billion SEK and will be paid out over a maximum of 15 years, starting when geological storage begins.
EU Support. Stockholm Exergi received financial support for its bio-CCS project from the EU Innovation Fund. Our project was selected for its potential to aid the transition of Europe’s energy sector and mitigate climate change. The EU funding amounts to €180 million.
Voluntary Market. Many companies are now interested in contributing to climate change mitigation by purchasing negative emissions. More and more organizations are setting ambitious climate goals and aiming for “net-zero.” These companies form a rapidly growing commercial market for negative emissions and constitute the majority of our future revenue stream.
Disclaimer
Co-funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Climate, Infrastructure and Environment Executive Agency (CINEA). Neither the European Union nor the granting authority can be held responsible for them.
Disclaimer