Carbon Disposal Plant in Straumsvík
CO2 will be captured from industrial emissions in Europe.
SDGs related to the project
Project description
CO2 will be captured from industrial emissions in Europe and transported in liquid state by ship to Straumsvík, where it will be pumped into storage tanks at the harbour. CO2 is dissolved in water before being injected deep into bedrock where it mineralises in less than two years using the Carbfix technology that mimics and accelerates natural processes. The method has been proven to be a cost-effective and environmentally friendly way to permanently bind CO2 and thus prevent its impact on the climate.
Objectives of the project
When completed, the Coda Terminal will dispose of up to 3 million tonnes of CO2 annually. An expected 600 direct and secondary jobs could be created through the construction and operation of the terminal.
When is the target expected to be achieved?
Full capacity will be reached in 2031– disposal of 3 million tonnes of CO2 annually.
Measurement of performance
Quantity of carbon dioxide injected into bedrock.
Project progress
1 February 2023
Exploratory drilling at Straumsvík began at the end of 2022. The purpose of the exploratory drilling is to increase knowledge of strata in the area and to obtain more accurate information about the conditions for permanent sequestration of CO2 in these strata using Carbfix technology.
Project status
Links
Related projects
Sorting and Recycling
RARIK ohf.
The Glacier Journey strategy and the UN Sustainable Development Goals
Glacier Journey / Fallastakkur ehf. travel company
RARIK's Climate Action Plan
RARIK ohf.
Multi-faceted Awareness Raising and Project Work with the UN Sustainable Development Goals as a Guide
Golf Iceland