- Carbon Centric is investing NOK 100 million in the carbon capture plant.
- The plant will capture 10,000 tons of CO2 annually and convert it to food-grade quality.
- The project is set to be completed by spring 2025.
- Funding includes NOK 120 million from investors and a green loan from DNB.
Investment and Project Scope
Carbon Centric has made a final investment decision to establish a carbon capture plant in Rakkestad, Norway, with an investment of NOK 100 million. The plant will capture 10,000 tons of CO2 annually at Østfold Energi's waste-to-energy facility. The project includes post-combustion CO2 capture, treatment, and liquefaction to food-grade quality.
Timeline and Implementation
The design phase is already underway, with fabrication starting immediately. The plant is scheduled to be commissioned by spring 2025. Kanfa AS, in collaboration with Technip Energies, will deliver the EPC for the plant, with fabrication by Slåttland Mek Industri AS and contributions from other local companies.
Funding and Partnerships
Earlier this year, Carbon Centric raised over NOK 120 million, securing investments from Vardar and Obligo. Østfold Energi, the largest shareholder with a 45% stake, also owns the incineration plant. Additional funding includes a green loan from DNB and NOK 17.2 million in support from ENOVA.
Environmental Impact
In the absence of storage options, the captured CO2 will be sold for reuse, displacing fossil-sourced CO2. The plant will utilize a licensed proprietary amine solvent for CO2 capture. The project aims to reduce emissions and contribute to the EU's strategy of lowering transport sector emissions through the production of e-fuels using recycled CO2.
