Fluor Corporation and Carbfix, a carbon dioxide (CO2) mineral storage operator, have signed a Memorandum of Understanding (MoU) to collaborate on developing integrated carbon capture and storage (CCS) solutions for hard-to-abate industries. The two companies will focus on an end-to-end CO2 reduction solution by combining their respective expertise. Fluor will contribute its Econamine FG PlusSM carbon capture technology, while Carbfix will provide its solution that dissolves CO2 in water and injects it into porous basaltic rock formations. The MoU also allows the two companies to pursue CO2 removal projects, such as direct air capture and bioenergy carbon capture and storage.
According to Edda Aradóttir, CEO of Carbfix, achieving the world’s climate targets requires significant upscaling of carbon capture and storage. The collaboration with Fluor is an important step for Carbfix as it works towards bringing its operations to the megaton scale. Carbfix has been applying its method of turning CO2 into stone underground for over a decade in Iceland. The company currently captures and mineralises one-third of the CO2 emissions from Iceland’s largest geothermal power plant, with the goal of increasing this rate to 95% by 2025.
The partnership between Fluor and Carbfix aims to create safe, cost-effective, and permanent storage solutions that will benefit the environment. By leveraging their respective expertise, the two companies can pursue large-scale CCS solutions that will play a crucial role in reducing CO2 emissions from hard-to-abate industries.
Date: Jul 06, 2023
Source: https://www.gasworld.com/story/fluor-and-carbfix-to-collaborate-on-carbon-capture-and-storage-tech/
