Its role Investor / Financier
Vardar AS is a Norwegian, publicly owned energy investment company focused on renewable power and related infrastructure. The company develops and manages ownership interests in hydropower, onshore wind, and district heating/bioenergy, with activities primarily in Norway and the Baltics.
Vardar’s portfolio combines industrial ownership with long-term financial investment, partnering with municipalities and private operators to expand low-carbon energy supply. Its assets contribute electricity and heat for communities and industry, supporting regional energy security and the transition to a lower‑emission economy.
chemXplore tracks 1 project involving Vardar.
Operational lessons from the Rakkestad CO₂ capture plant were presented at industry conferences in Helsinki, Copenhagen and Trondheim.
The Rakkestad facility captures CO₂ from waste-to-energy, producing food-grade CO₂. It highlights rapid industrial carbon capture implementation and future expansion plans.
Rakkestad plant begins CO₂ capture from waste incineration, marking a milestone in Norway's carbon capture efforts. Future projects aim to expand capacity and provide carbon removals.
The plant will capture 10,000 tons of CO2 annually, converting it to food-grade quality. Funded by NOK 100 million, it aims to reduce emissions and reuse biogenic CO2, with completion by spring 2025.
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