Carbon Centric, with Kanfa's support, has made a final investment in a carbon capture unit at a waste-to-energy facility in Norway. The project, worth NOK 100 million, aims to reduce emissions and utilize carbon capture technology. New investors have joined the project, including Vardar and Obligo. The plant will capture and sell CO2 for reuse, contributing to climate-positive effects. The facility is designed to capture 10,000 tonnes of CO2 per year and is set to be operational by spring 2025. This innovative project sets a template for future carbon capture solutions, positioning Carbon Centric at the forefront of the international market.
Kanfa’s customer Carbon Centric recently took the Final Investment for a 10.000 ton carbon capture unit at the waste-to-energy facility of Østfold Energi in Rakkestad. The scope of work not only includes the post-combustion CO2 capture, but also the treatment & liquefaction of the CO2 to food grade quality.
The board of Carbon Centric has made the final investment decision to establish the groundbreaking carbon capture plant in Rakkestad, Norway. The decision came in the wake of the Norwegian Environment Agency granting the company its permit a few weeks back. Carbon Centric is investing in the region of NOK 100 million to establish the carbon capture plant. The design of the flagship project in Rakkestad is already underway. Fabrication will start immediately and Carbon Centric plans to commission the plant in spring 2025.
This facility is proof that even smaller incineration plants can utilize carbon capture technology to reduce their emissions. We demonstrate that there is no reason to wait. With our innovative implementation model, we are positioning the company at the forefront of a large international market for carbon capture. Fredrik Häger, CEO, Carbon Centric
New investors
Earlier this year, Carbon Centric raised more than NOK 120 million and thus got Vardar and Obligo on the ownership side. Østfold Energi is the largest owner of the company with 45 percent share and they also own the incineration plant, which will now be equipped with a carbon capture processing plant. As part of the financing, the company has also secured a substantial green loan from DNB, as well as NOK 17.2 million in support via ENOVA.
Waste incineration is a safe and environmentally good way to handle residual waste. The collaboration with Carbon Centric will make our plant even greener, by cleaning the flue gases and separating CO2. This is an important contribution to reaching our goal of major emission reductions towards 2030. Oddmund Kroken, CEO Østfold Energi
Reusing biogenic CO2
In the absence of available storage options, Carbon Centric will capture and sell carbon dioxide (CO2) for reuse. Permanent storage has climate benefits, but utilization could also have climate-positive effects. In general, much of the CO2 used in the world today comes from fossil sources. 50 percent of the CO2 from waste incineration comes from biogenic masses. Swapping to CO2 from this type of source is therefore helping to displace use from fossil sources. In addition, e-fuels can be produced using recycled CO2 helping to reduce the emissions from the transport sector, which is an important strategy by the EU.
The plant in the Rakkestad project is dimensioned to capture 10,000 tonnes of CO2 per year. The system is designed based on a licensed proprietary amine solvent provided through Kanfas parent company Technip Energies. Kanfa AS has an EPC delivery of the plant with fabrication from Slåttland Mek Industri AS. Several other companies from the local region will contribute during the implementation. The company has entered into an agreement with Linde Gas AS for the supply of liquid CO2.
Kanfa and Carbon Centric have been working together for over 2 years to make this project feasible and is very proud to be part of this project execution. This model will prove to be the template for fit for purpose solutions to other clients & emitters in the near future. Our competence built through process deliveries since 2000 makes us able to design this future extremely important technology to make it available to CO2-emitters everywhere.