Tons of CO2 to Be Shipped to Iceland
The Icelandic company Carbfix and the Danish shipping company Dan-Unity CO2 have entered into an agreement for the transfer of CO2 to the Coda Terminal – a new CO2 mineral storage terminal in Straumsvík, Iceland, according mbl.is which quotes a press release from Carbfix.
The shipping company, which has decades of experience in transporting various types of gas at sea, will transport CO2 on specially designed ships that run on environmentally friendly fuels. The carbon footprint from the shipping will be only about 3-6 percent of the CO2 to be disposed of. The first ships are expected to start sailing to Iceland from Northern Europe in 2025.
The Coda Terminal will be the first of its kind in the world, where the Carbfix technology will be utilized to permanently store CO2 by turning it into stone. The first phase of the project has already begun, and the terminal’s expected storage capacity will likely be three million tons of CO2 per year by 2030.
Dan-Unity CO2 is the first shipping company solely dedicated to tackling climate change through carbon capture and storage technology. Each ship will transport around 12-20 thousand tons of CO2 in liquid form, and the estimated cost of transport and storage in Straumsvík is EUR 30-65 per ton. By comparison, it costs around EUR 100 to dispose of each ton in a similar project in Norway called Northern Lights.
“We’re very pleased to have Dan-Unity CO2 on board,” states Edda Sif Pind Aradóttir, CEO of Carbfix. “This is a well-established company with decades of experience in transporting gases at sea, adding extremely valuable experience to the project. Denmark places a great emphasis on climate issues, and hopefully this is only the beginning of Iceland and Denmark working together in the fight against climate change.”