Start-up transforming carbon dioxide into stone
By Ragnhildur Sigurdardottir and Akshat Rathi / Bloomberg
A start-up in Iceland is tackling a key piece of the climate change puzzle by turning carbon dioxide into rocks, allowing the greenhouse gas to be stored forever instead of escaping into the atmosphere and trapping heat.
Reykjavik-based Carbfix captures and dissolves carbon dioxide in water, then injects it into the ground where it turns into stone in less than two years.
“This is a technology that can be scaled it’s cheap and economic and environmentally friendly,” Carbfix chief executive officer Edda Sif Pind Aradottir said in an interview. “Basically we are just doing what nature has been doing for millions of years, so we are helping nature help itself.”
(Bloomberg) A startup in Iceland is tackling a key piece of the climate change puzzle by turning carbon dioxide into rocks, allowing the greenhouse gas to be…
The chairman of the Reykjanesbaer town council says he does not see how Magma Energy can pull out of the HS Orka purchase at this stage and added the town would consider suing the State if it interferes to cancel the deal.
The Financial Times reported this weekend that Ross Beaty, the president of Canada’s Magma Energy, is threatening to delay or even cancel buying HS Orka due to the political storm it is causing in Iceland. The government has stated it is determined to reverse the widespread privatisation of the energy sector.
Bodvar Jonsson, chariman of the Reykjanesbaer council, says the deal is important for his community and that it needs to go ahead. Under the deal Magma would buy the bonds that the local government holds.
FEATURE-Scared by global warming? In Iceland, one solution is petrifying By Alister Doyle LONDON, Feb 4 (Thomson Reuters Foundation) - On a barren hillside in southwest Iceland, workers are installing huge fans to suck carbon dioxide from the air and turn it to stone deep below ground, in a radical - but expensive - way to fight global warming. Engineering fixes for climate change are gaining attention and investments in 2021 as companies such as Microsoft and leaders from China, the United States and the European Union work on long-term plans to achieve “net zero” emissions goals.Reuters | Updated: 04-02-2021 14:49 IST | Created: 04-02-2021 14:49 IST