The investment amounts to SEK 13 billion. Construction will begin immediately, with the goal of having the facility operational in 2028.
"This is a historic moment for Stockholm Exergi and for the green transition. We have worked purposefully for many years to make bio-CCS a reality, and today's decision means that we are moving from plans to action. With this, we assume global leadership in the industry for permanent removals," says Anders Egelrud, CEO of Stockholm Exergi.
The investment decision is made possible through a combination of public support and private purchases of negative emission certificates from companies with ambitious climate targets. The facility will be built in the energy port nearby Värtaverket in Stockholm. Once completed, it will capture and permanently store 800,000 tons of CO₂ annually—more than the emissions from Stockholm's road traffic over the same period.
The technology for capturing CO₂ has been in use since the 1970s, and Stockholm Exergi has operated a test facility since 2019. The storage method is also well-proven and closely monitored to ensure the CO₂ is permanently stored in bedrock beneath the seabed where it mineralizes over time.
"This investment decision is a milestone that reflects years of dedication, perseverance, and collaboration. Congratulations to the team at Stockholm Exergi, whose commitment—together with our partners—has made this groundbreaking project a reality. Bio-CCS will play a crucial role on the path to net-zero, and we are proud to support an initiative of global importance," says Carlo Maddalena, Senior Director at APG and Chair of Ankhiale.
Stockholm Exergi has selected Northern Lights as its partner for CO₂ transport and storage. This investment decision now enables Northern Lights to expand its capacity—an important step for future negative emissions projects and the foundation for what could become a new industry, positioning the Nordics and Europe as global leaders in this field.
Bio-CCS is a technology that captures biogenic CO₂ before it reaches the atmosphere and permanently stores it in bedrock, removing it from the natural carbon cycle and creating negative emissions. Permanent removals are a vital tool for counteracting emissions that are unavoidable or very difficult to eliminate. They are an essential part of achieving climate targets and net-zero emissions.
Stockholm Exergi's facility, Beccs Stockholm, will be built in the energy port nearby Värtaverket in Stockholm. Värtaverket already produces sustainable heat and electricity from forestry and sawmill residues, such as wood chips, branches, and treetops. By adding the capture and storage of biogenic CO₂, we create even greater climate benefits.
Beccs Stockholm is made possible through a combination of funding from the EU Innovation Fund, Swedish government aid and revenue from the private market.
