Tons of CO2 to Be Shipped to Iceland Specially designed vessels will transport the carbon dioxide. Photo/Carbfix.com Vala Hafstað
2 have entered into an agreement for the transfer of CO
2 to the Coda Terminal – a new CO
2 mineral storage terminal in Straumsvík, Iceland, according
mbl.is which quotes a press release from Carbfix.
The shipping company, which has decades of experience in transporting various types of gas at sea, will transport CO
2 on specially designed ships that run on environmentally friendly fuels. The carbon footprint from the shipping will be only about 3-6 percent of the CO
2 to be disposed of. The first ships are expected to start sailing to Iceland from Northern Europe in 2025.
Carbfix to Build CO2 Storage Facility in Iceland Edda Sif Pind Aradóttir, CEO of Carbfix. Photo/Contributed Vala Hafstað Preparations are underway for the construction of a carbon dioxide (CO2) storage and disposal facility - the first of its kind in the world - in Straumsvík cove, on the Reykjanes peninsula, Southwest Iceland, mbl.is reports. The facility, Coda Terminal, will receive CO2 from Northern Europe by ship. It is expected to create 600 jobs – directly and indirectly. “The CO 2 will be sourced from industrial emitters in Northern Europe and will be injected into the basaltic bedrock where it rapidly turns into stone via the Carbfix technology,” a statement from Carbfix reads. “At full scale, the Coda Terminal will provide an annual storage amounting to three million tonnes of CO
Climeworks plans to capture CO2 directly form the air using massive fans
In a valley flanked by rugged, snowy mountains, a team manoeuvres equipment into place that it hopes can help battle climate change.
South-west Iceland is the location Swiss start-up Climeworks has chosen for the world’s largest installation of giant carbon dioxide-sucking machines.
Once these fans begin operating in May, they are expected to strip 4,000 tons of carbon dioxide out of the air each year – the equivalent of the annual electricity use of nearly 700 homes.
The gas will then be buried underground by another firm, Icelandic company CarbFix. The process is not cheap, at between $600 (£430) and $800 per ton. But it is being bankrolled by tech giants as they rush to meet net-zero targets. Microsoft’s Bill Gates, Shopify and Stripe are among 5,200 corporate clients who are paying Climeworks to remove CO2, along with 4,500 individuals who pay a monthly subscription to offset their own emission