SubsidieMeestersCoda by Carbfix - a highly scalable, cost effective CO2 mineral storage hub
Coda Terminal aims to be the first carbon mineral storage facility, utilizing sustainable shipping to permanently store CO2 in Iceland, significantly aiding EU climate goals.
Projectdetails
Introduction
The Coda Terminal will be the world’s first carbon mineral storage terminal, providing a new, safe, and scalable method of permanent CO2 storage.
Project Overview
Coda will establish the full carbon capture and storage (CCS) value chain, using sustainable propulsion to ship CO2 to Iceland for injection into basaltic rocks and permanent storage as carbonate minerals.
Benefits
Coda is a novel, low-cost CCS solution and a crucial contribution to achieving the EU’s long-term climate targets.
Goals
The project plans to achieve 91% relative greenhouse gas emission avoidance over the first ten years of operation.
Financiële details & Tijdlijn
Financiële details
| Subsidiebedrag | € 115.000.000 |
| Totale projectbegroting | € 115.000.000 |
Tijdlijn
| Startdatum | 1-1-2023 |
| Einddatum | 30-9-2039 |
| Subsidiejaar | 2023 |
Partners & Locaties
Projectpartners
- CARBFIX HFpenvoerder
- DAN-UNITY CO2 A/S
- CODA TERMINAL HF
- ORKUVEITA REYKJAVIKUR SF
- SEAPEAK MARITIME HOLDINGS (DENMARK)A/S
- Hafnarfjordur Harbour
- Rio Tinto Iceland Ltd.
- CARBFIX OHF
Land(en)
Vergelijkbare projecten binnen Innovation Fund
| Project | Regeling | Bedrag | Jaar | Actie |
|---|---|---|---|---|
Silverstone: Full-scale CO2 capture and mineral storage at the Hellisheidi power stationProject Silverstone aims to achieve near-zero carbon emissions by using Carbfix technology for permanent CO2 capture and mineral storage at a geothermal power plant in Iceland. | Innovation F... | € 3.867.988 | 2021 | Details |
CFC Pilot for CCSThe CFCPILOT4CCS project aims to pilot Carbonate Fuel Cells for CO2 capture from industrial streams in Rotterdam, targeting 46,000 tonnes of greenhouse gas avoidance and enhancing technology for wider application. | Innovation F... | € 30.497.000 | 2023 | Details |
Kairos-at-C, Building strong momentum for massive decarbonisation in the EU through a unique end to end CCS projectKairos@C aims to establish a scalable cross-border carbon capture and storage hub in Antwerp, capturing and permanently storing 14 Mt of CO2 over ten years while enhancing regional industrial competitiveness. | Innovation F... | € 356.859.000 | 2020 | Details |
First industrial scale carbon capture for lime production integrated with transport of CO2 to coastal hub and shipping to geological storage in the North SeaThe CalCC project aims to decarbonize the lime industry by capturing and storing CO2 emissions at Lhoist's Réty site, achieving 87% greenhouse gas emission avoidance through innovative Cryocap™ technology. | Innovation F... | € 125.198.197 | 2023 | Details |
KOdeCO net zeroThe KOdeCO net zero project aims to establish the first net zero cement plant in Croatia, utilizing innovative carbon capture technology to achieve significant GHG emissions reductions and promote sustainable industry practices. | Innovation F... | € 116.926.000 | 2024 | Details |
Silverstone: Full-scale CO2 capture and mineral storage at the Hellisheidi power station
Project Silverstone aims to achieve near-zero carbon emissions by using Carbfix technology for permanent CO2 capture and mineral storage at a geothermal power plant in Iceland.
CFC Pilot for CCS
The CFCPILOT4CCS project aims to pilot Carbonate Fuel Cells for CO2 capture from industrial streams in Rotterdam, targeting 46,000 tonnes of greenhouse gas avoidance and enhancing technology for wider application.
Kairos-at-C, Building strong momentum for massive decarbonisation in the EU through a unique end to end CCS project
Kairos@C aims to establish a scalable cross-border carbon capture and storage hub in Antwerp, capturing and permanently storing 14 Mt of CO2 over ten years while enhancing regional industrial competitiveness.
First industrial scale carbon capture for lime production integrated with transport of CO2 to coastal hub and shipping to geological storage in the North Sea
The CalCC project aims to decarbonize the lime industry by capturing and storing CO2 emissions at Lhoist's Réty site, achieving 87% greenhouse gas emission avoidance through innovative Cryocap™ technology.
KOdeCO net zero
The KOdeCO net zero project aims to establish the first net zero cement plant in Croatia, utilizing innovative carbon capture technology to achieve significant GHG emissions reductions and promote sustainable industry practices.
Vergelijkbare projecten uit andere regelingen
| Project | Regeling | Bedrag | Jaar | Actie |
|---|---|---|---|---|
Carbon dioxide (CO2) Storage In deep volcaNic areasCO2SINk aims to validate a novel CO2 storage method in deep volcanic areas to enhance safety and scalability of carbon capture, targeting gigatonne-scale storage by 2050 while managing associated risks. | ERC Proof of... | € 150.000 | 2023 | Details |
CO2 based Utility-Scale Long Duration Energy StorageCO2 Battery is a cost-effective, long-duration energy storage system using CO2, achieving 75% efficiency and a 30+ year lifespan, enabling the storage of renewable energy for utilities and developers. | EIC Accelerator | € 2.500.000 | 2023 | Details |
CO2 Mineralisation: Conversion of Waste to New Building MaterialsMIN CO2 aims to develop a sustainable method for converting noncombustible waste into low CO2 footprint building materials, enhancing carbon capture and generating income through innovative technology. | ERC Proof of... | € 150.000 | 2024 | Details |
Decentralised Direct Air Capture The most sustainable, affordable and scalable way to produce clean CO2 on demandSkytree develops modular, small-scale carbon capture solutions to produce clean CO2 for sustainable greenhouse farming, reducing reliance on fossil fuels and enhancing crop yields. | EIC Accelerator | € 2.481.587 | 2024 | Details |
Carbon Atlantis Project to Undo Residual Emissions - construction and deployment of a minimum viable product the Gen3 stack capable of capturing 500 tonnes CO2 per year from the air.Carbon Atlantis aims to finalize and deploy a cost-effective electrolyser for CO2 capture, targeting 500,000t/year by 2030 and 100 megatonnes/year by 2045 to achieve carbon neutrality. | EIC Accelerator | € 2.494.672 | 2024 | Details |
Carbon dioxide (CO2) Storage In deep volcaNic areas
CO2SINk aims to validate a novel CO2 storage method in deep volcanic areas to enhance safety and scalability of carbon capture, targeting gigatonne-scale storage by 2050 while managing associated risks.
CO2 based Utility-Scale Long Duration Energy Storage
CO2 Battery is a cost-effective, long-duration energy storage system using CO2, achieving 75% efficiency and a 30+ year lifespan, enabling the storage of renewable energy for utilities and developers.
CO2 Mineralisation: Conversion of Waste to New Building Materials
MIN CO2 aims to develop a sustainable method for converting noncombustible waste into low CO2 footprint building materials, enhancing carbon capture and generating income through innovative technology.
Decentralised Direct Air Capture The most sustainable, affordable and scalable way to produce clean CO2 on demand
Skytree develops modular, small-scale carbon capture solutions to produce clean CO2 for sustainable greenhouse farming, reducing reliance on fossil fuels and enhancing crop yields.
Carbon Atlantis Project to Undo Residual Emissions - construction and deployment of a minimum viable product the Gen3 stack capable of capturing 500 tonnes CO2 per year from the air.
Carbon Atlantis aims to finalize and deploy a cost-effective electrolyser for CO2 capture, targeting 500,000t/year by 2030 and 100 megatonnes/year by 2045 to achieve carbon neutrality.