Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Plans underway for Icelandic storage site capable of receiving CO2 from overseas

CODA facility Iceland
Vapour rises from a chimney at the Drax Power Station, operated by Drax Group Plc, in Selby, U.K., on Tuesday, March 11, 2014. Photographer: Chris Ratcliffe/Bloomberg

Preparations are underway for a carbon storage facility in Iceland designed to receive emissions from overseas.

The CODA Terminal has been designed by Carbfix, a start-up carbon capture and storage facility, and is being developed in the bay of Straumsvík, in South West of the country.

It will be able to take large quantities of CO2 transported by ship from industrial emitters in the UK and Northern Europe.

From there, the gas will be injected into the basaltic bedrock where it rapidly turns into stone via Carbfix technology.

At full scale, the CODA Terminal will provide an annual storage capacity of three million tonnes of CO2.

On-site preparations, engineering and drilling of exploration wells is expected to start next year, with pilot injections taking place in 2023.

Commercial operations are scheduled to start in 2025.

Edda Sif Pind Aradóttir, CEO of Carbfix, said: “The CODA Terminal will launch a new climate-friendly industry that is based on innovative solutions and up-scaled climate action. By receiving CO2 from neighbouring countries for permanent mineral storage, Iceland takes on a pioneering role within Europe.

“The CODA Terminal will receive CO2 transported by specifically designed ships operating on sustainable fuel. The transport of CO2 to Iceland is enabled by the low costs associated with onshore mineral storage.

“In fact, the CODA Terminal will be the first large scale geological storage project in Europe that is carried out onshore. The Carbfix technology will then be used to permanently and safely turn CO2 into stone, deep in within the basaltic bedrock. The Terminal will also be able to store CO2 from local industries, as well as CO2 captured directly from the air (DAC).”

The Carbfix process involves dissolving CO2 in water before injecting it deep underground, where it turns into stone in less than two years.

The only feedstock for the process is water, electricity, CO2 and reactive rock formations, such as basalts – the entire on-site operations will run on renewable energy.

Aradóttir added: “The environment in Straumsvík, with its fresh basaltic lavas and vast sources of groundwater streams, is perfectly suited for permanent and safe CO2 mineral storage. The infrastructure needed for the Terminal are storage tanks by the harbour, pipelines and injection wells. The power requirements are minimal, and the transmission grid and an industrial harbour are already in place.”

Recommended for you

More from Energy Voice

Latest Posts