publicly traded carbon capture companies

In March 2023, Carbfix was criticised in the Icelandic media when Mannlíf, an electronic news publication, revealed that the partnership's head of communications had been an outspoken climate change denialist. Proceedings at the 2010 World Geothermal Congress reported that reinjection at Hellisheiði had induced seismic activity. There have been earthquakes reported due to the injection of waste water in the area. The nearby Hengill volcano, generated a swarm of low magnitude earthquakes as a result of pumping water without the CO 2, with 250 quakes being reported on 13 September 2011. This approach requires substantial water and the presence of reactive rocks, which are not available in all localities. Department of Energy under award number DE-FE0004847.Ĭost is around US$25 per tonne of CO 2. Nordic fund 11029-NORDICCS the Icelandic GEORG Geothermal Research fund (09-02-001) to S.R.G. The European Commission through the projects CarbFix (EC coordinated action 283148), Min-GRO (MC-RTN-35488), Delta-Min (PITN-GA-2008-215360), and CO 2-REACT (EC Project 317235). These funding sources include the European Union's Horizon 2020 research and innovation programme under grant agreements No. The funding was supplied by the University of Iceland, Columbia University, France's National Centre of Scientific Research, the United States Department of Energy, the EU, Nordic funds and Reykjavik Energy. This project commenced carbon injection in 2012.

However silicate minerals of these elements are common in many rocks, such as basalt, so an example reaction might be:Īs a result CO 2 is locked away with no dangerous byproducts.ĭrilling and injecting carbonated water at high pressure into basaltic rocks at Hellisheiði has been estimated to cost less than $25 a ton. Calcium and magnesium are present in rocks - but rarely as oxides where the reactions would be simply: The carbonated water is injected into the subsurface where it reacts with the Ca and Mg present in the rock. Method Image of calcite formed in basalt due to CO 2-charged water-rock interaction at the Carbfix siteĬO 2 is captured either by its dissolution in water from power plant exhaust, or directly from the atmosphere by air capture followed by its dissolution in water. In addition to finding a new method for permanent carbon dioxide storage, another objective of the project was to train scientists. Further funding has been supplied by The European Commission and the Department of Energy of the United States. Reykjavik Energy supplied the initial funding for Carbfix. Oelkers at CNRS Toulouse (France), and Sigurður Reynir Gíslason at the University of Iceland to limit the Greenhouse gas emissions in Iceland. Background Ĭarbfix was founded by the then Icelandic President, Dr Ólafur Ragnar Grímsson, Einar Gunnlaugsson at Reykjavík Energy, Wallace S.

Since this time this approach has been upscaled at Hellisheiði and ongoing research is implementing this approach at other sites across Europe. Research results published in 2016 showed that 95% of the injected CO 2 was solidified into calcite within 2 years, using 25 tons of water per tonne of CO 2. Once in the subsurface, the injected CO 2 reacts with the host rock forming stable carbonate minerals, thus providing storage of the captured gas.Īpproximately 200 tons of CO 2 were injected into subsurface basalts in 2012. Carbfix is an Icelandic company that has developed an approach to capturing and storing CO 2 in water, and its injection into subsurface basalts.

Publicly traded carbon capture companies