Europe and the US have a great potential of storing carbon dioxide in rocks with an estimated 4,000 billion tonnes and 7,500 billion tonnes respectively. That’s according to Carbfix who unveiled plans for what is claimed to be Europe’s first large-scale onshore project at the end of last week.
According to Icelandic startup company CarbFix which has just announced its plans for what they claim will be Europe’s first large-scale, onshore storage projects worth over €1 million dollars that aim not only store CO2 but also sell it as a product.
The new carbon dioxide storage facility will make use of technology that turns CO2 into a solid state. The construction is currently underway and once finished, it can store up to three million metric tons of CO2 from the region. CO2 mineral storage is certainly an ever-increasing field of interest. For those who want to know more about CO2 mineral storage, Carbfix has compiled a mapping tool that shows the viability for industries and nations to assess this technology as part of their climate strategy . The global capacity for storing carbon dioxide exceeds emissions from all fossil fuels on Earth.
Iceland is one of the most volcanically active places on earth and could have a storage capacity for 400 GT CO2. The ocean ridges, which are also very volcanic areas, offer more than two times as much space but it’s not known how feasible that would be to store carbon dioxide emissions there.
You can read more about this tool on their website here.
The UK and North Europe will be able to transport up to three million tonnes of carbon dioxide from their countries with the construction of a new storage terminal in Iceland.
The facility can store CO2 by turning it into solid stone, so once finished, this giant project is expected to have an impact on climate change mitigation around the world.
The CODA terminal will be able to store carbon dioxide from local industries, and it can collect CO2 directly from the air. When operational, this company will have an annual storage capacity of three million tonnes of stored gas from air capture, with a system designed for these needs specifically.
So, why rocks? Well, Basaltic rocks are highly reactive and contain the metals needed for permanently immobilizing CO2 through the formation of carbonate minerals. They are often fractured and porous, providing storage space for the mineralized CO2 and permanently immobilising it through the formation of carbonate minerals.
Self-titled by Carbfix as “Europe’s first large-scale onshore carbon storage project”, this particular enterprise left the National Infrastructure Commission (NIC) seeking evidence on CCS technologies as an option for the removal and storage or greenhouse gases across the nation.
The National Infrastructure Commission (NIC) is looking for the opinions of businesses, policymakers, scientists academics and investors on two exciting technologies – direct air CCS and bioenergy with CCS. The call for evidence will be part of their study into how these emerging green energy sources can help reach net zero by 2050.