CO2 mineral storage operator Carbfix has collaborated with Fluor Corporation to develop integrated carbon capture and storage (CCS) solutions for hard-to-abate sectors.
According to the signed Memorandum of Understanding (MoU), the companies will work on an end-to-end CO2 reduction solution and combine their respective expertise to deliver it.
Fluor will provide its Econamine FG PlusSM carbon capture technology, while Carbfix will use its technique that dissolves CO2 in water and injects it into porous basaltic rock formations.
The MoU also allows two firms to develop CO2 removal projects, such as direct air capture and bioenergy carbon capture and storage.
Carbfix’s CEO Edda Aradóttir notes that achieving the world’s climate targets requires significant upscaling of carbon capture and storage.
“Our proven method of subsurface mineralization of CO2 accelerates natural processes to achieve safe, cost-effective and permanent storage. Our collaboration with Fluor is an important step for Carbfix as we work towards bringing our operations to the megaton scale,” she said.
Carbfix has applied its method of turning CO2 into stone underground for more than a decade in Iceland.
The company currently captures and mineralizes one-third of the CO2 emissions from Iceland’s largest geothermal power plant, with the goal of lifting this rate to 95% by 2025.
