About Beccs Stockholm

Beccs Stockholm – one of the world’s largest facilities

BECCS (Bio energy with carbon capture and storage) is a technique for permanently removing biogenic CO₂ from the atmosphere. Combining CO₂ capture with heat recovery in Europe’s largest biomass-based Combined Heat and Power plant in Stockholm, we will capture and permanently store large quantities of biogenic CO2, resulting in carbon removal from the atmosphere and creation of so-called negative emissions.

BECCS – a key to climate neutrality

Only during the first ten years of operation Beccs Stockholm will contribute to 7.83 Mt CO2e of absolute Green House Gas emission being removed from the atmosphere. Due to Beccs being a highly efficient, long-term method for storing CO₂ is it considered as a vital step in reaching the EU-objective of Climate Neutrality by 2050.

In addition to producing concrete climate benefits, Beccs Stockholm also intends to accelerate the development of a new market for net carbon removals.

• Firstly, the Beccs Stockholm technology can be replicated in other sites.
• Secondly, it has the potential to be scaled up across the economy by replicating the technology in other industries.
• Finally, by contributing to the establishment of all necessary links in the CCS value chain in Northern Europe, Beccs Stockholm is an important early adopter that has potential to lead many other CCS projects to follow suit.

The European Strategic Energy Technology Plan (SET Plan) identify the technique as one of the priority actions for accelerating the energy system’s transformation. Additionally, it highlights the importance of the technique becoming cost-effective and gaining public acceptance, to eventually be commercially developed.

Funding

Bio-CCS is a cost-effective way to capture biogenic carbon dioxide from the atmosphere. However, it represents a significant investment for a single company. Therefore, the project’s financing stands on three pillars: government support, EU funding, and substantial revenue from companies that purchase carbon credits from us (to offset their carbon emissions). All parts are necessary.

• Government support. Stockholm Exergi is awarded funding through the Swedish Energy Agency’s reverse auction for Bio-CCS. The approved support amounts to just over SEK 20 billion and will be paid out continuously for up to 15 years, starting from the initiation of geological storage. Stockholm Exergi is awarded funding through the state support auction for Bio-CCS.
• EU funding. Stockholm Exergi was granted financial support for Bio-CCS from the EU Innovation Fund. Our project was selected for its potential to contribute to the transformation of the European energy sector and its ability to mitigate climate change. Stockholm Exergi’s Bio-CCS project receives €180 million in EU funding – Stockholm Exergi.
• Voluntary market. Many companies are now interested in contributing to slowing down climate change by purchasing negative emissions. An increasing number of companies are setting ambitious climate goals and plans to reach “net zero.” These companies and organizations form a rapidly growing commercial market for negative emissions and represent the majority of our revenue.