Iceland Opens Europe’s First Onshore CO2 Storage Site, Turning Carbon into Stone
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📰 The quick summary: Iceland-based Carbfix has received Europe’s first permit for onshore geological CO2 storage under EU law, enabling them to safely store over 3 million tons of carbon dioxide in rock formations.
📈 One key stat: The permit allows storage of 106,000 tons of CO2 annually, totaling 3.2 million tons over three decades, significantly expanding Europe’s carbon storage capacity.
💬 One key quote: “This is a major milestone and an important step in the company’s growth toward having a truly positive impact on climate change,” commented Carbfix CEO, Edda Sif Pind Aradóttir.
1️⃣ The big picture: Iceland’s Carbfix has achieved a regulatory breakthrough by securing Europe’s first onshore CO2 storage permit under the EU’s Carbon Capture and Storage Directive. The permit, issued by Iceland’s Environment and Energy Agency, allows the company to store up to 106,000 tons of CO2 yearly at their Hellisheiði site. Carbfix’s unique mineralization technology dissolves captured carbon dioxide in water before injecting it into basalt formations, where it transforms into stable carbonate rock within two years. Until now, all EU-compliant storage permits were for offshore locations, making this land-based approval a significant advancement for continental carbon storage solutions.
2️⃣ Why is this good news: This milestone dramatically expands carbon storage possibilities across Europe, opening a pathway for land-based storage solutions where offshore options aren’t viable. The technology’s permanent nature transforms CO2 into solid rock, essentially eliminating the risk of future leakage that concerns other storage methods. Carbfix’s approach requires minimal transportation infrastructure since CO2 can be stored directly at inland emission sources. The permit validation paves the way for wider deployment of this Icelandic technology throughout Europe and globally, potentially accelerating the transition to net-zero emissions by providing more accessible carbon storage options.
3️⃣ What’s next: Carbfix plans to scale operations to fully capture emissions from the entire Hellisheiði geothermal power complex. The company is also developing the industrial-scale Coda Terminal project, which aims to handle up to 3 million tons of CO2 annually. With €3.9 million in support from the European Innovation Fund, Carbfix is positioned to significantly expand its mineralization operations.
Read the full story here: Carbon Herald – Carbfix Receives Europe’s First Onshore CO2 Storage Permit Under EU Law
