Nordbex Announces First BECCS Plant in Sweden
The company uses waste materials like sawdust, bark, branches, and treetops in its new plant.
Maintaining a high quality of carbon removal certificates (CRCs) for their buyers.
Nordbex, a renewable energy solution provider based in Sweden, has opened its first bioenergy with carbon capture (BECCS) plant in Nybro, Sweden.
The plant can generate 135 gigawatt-hours (GWh) of energy and capture 2,00,000 tonnes of carbon dioxide (CO2) annually. It is also one of the five plants that the company plans to build.
BECCS has been gaining popularity recently, which accounted for 70% of carbon removal sales between April and June. Companies like Stockholm Exergi and Ørsted have already entered agreements to remove millions of tonnes of CO2.
The Swedish government is also supporting local projects with an outlay of around $3.5 billion to capture emissions through BECCS, making the country a leader in this area.
Nordbex has a practical strategy in designing its bioenergy plants. With forests covering 70% of Sweden, the company can use waste materials such as sawdust and branches, reducing the need for long-distance transport of resources.
To this end, it has partnered with Green Cargo, a leading logistics provider, to transport CO2 more efficiently. This also includes building pipelines from the plants to railway stations to avoid challenges like landowner permission seen in the last year.
A major challenge for the company is creating a system that allows businesses of all sizes to easily buy and sell carbon removal credits.
Nordbex CEO Thomas Öström said: "We don’t see any evidence of it yet, but when companies start reporting their carbon footprint and they don’t do anything about them, then they will start to see consequences. If you’re an investment company and your portfolio is “dirty” one thing you can do is to buy into carbon dioxide removal.”
Recently, a new CEO has been appointed for the Nybro plant following a successful test that proved a 45% power generation efficiency. The company is now mulling over the commercialisation of its technology on a larger scale.
Follow KnowESG's Technology News for regular news and views.
Discover an extensive network of ESG providers here
Check out KnowESG's latest ESG Course updates
Source: Carbon Herald
