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.

Subsidie
€ 3.867.988
2021

Projectdetails

Introduction

Project Silverstone offers permanent CO2 capture and mineral storage (CCMS) through a safer and more economical technology than provided by alternative Carbon Capture and Storage (CCS) solutions. The Carbfix technology imitates and accelerates geological processes that nature has applied for millions of years to regulate long-term CO2 levels in the atmosphere, turning CO2 into solid carbonate minerals underground.

Project Deployment

The project will deploy full-scale CCMS at one of the largest geothermal power plants in the world, reaching a near-zero carbon footprint. The technology is proven at the project site to be safe, efficient, and environmentally friendly.

Self-Sufficiency

For the planned CCMS activities, the site is entirely self-sufficient with respect to:

  • Water
  • Energy
  • Storage

It does not depend on any external feedstock. By injecting CO2 dissolved in water into basaltic formations, it is rapidly and permanently transformed to minerals, and risks associated with conventional CCS are eliminated.

Community Support

The method has gained full support of the local community in Iceland as well as with national and municipal authorities.

Scale-Up Potential

The project will have considerable scale-up potential, providing a significant impact for emission reduction within the geothermal sector. The roll-out of the technology in Iceland is supported by Iceland's Climate Action Plan, where the Carbfix technology is recognized as instrumental for CCMS of emissions from geothermal power production and energy-intensive industries.

Emission Reduction Goals

This project alone will deliver 10% of the emission reductions that Iceland's Climate Action Plan calls for, aiming for 55% emission reductions by 2030 within the energy and industrial sectors not covered by the EU ETS.

Replication Potential

The replication potential of the project is not limited to the geothermal sector, as the technology is adaptable to several hard-to-abate sectors, including:

  1. Steel
  2. Cement
  3. Ammonia
  4. Waste management

Financiële details & Tijdlijn

Financiële details

Subsidiebedrag€ 3.867.988
Totale projectbegroting€ 3.867.988

Tijdlijn

Startdatum1-12-2021
Einddatum30-6-2031
Subsidiejaar2021

Partners & Locaties

Projectpartners

  • CARBFIX HFpenvoerder
  • ORKUVEITA REYKJAVIKUR SF
  • ON POWER OHF
  • CARBFIX OHF

Land(en)

Iceland

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