Carbon capture: the next climate contribution?
In partnership with companies Verdane and Equinor, Södra is exploring opportunities to build a complete value chain for bioenergy carbon capture and storage.
Together with Verdane, an equity investment firm, and Equinor, a Norwegian state-owned energy company, Södra is launching a new initiative to explore opportunities for carbon removal, also called bioenergy with carbon capture and storage (BECCS or bio-CCS). The international partnership is called Njord Carbon.
The aim ahead is to capture CO₂ as soon as it is released from industrial smokestacks by separating the CO₂ from flue gases and condensing it into liquid form. The liquid CO₂ can then be stored safely and permanently, but it is also possible that it can be used circularly in the future to make new products.
Södra, Verdane and Equinor have the combined knowledge and conditions to handle the entire value chain, from CO₂ capture and transportation to storage, along with experience of creating growth in new markets.
The companies will work together to explore an optimal value chain from capture to storage, including a business model and full traceability. Looking ahead, Njord Carbon wants to offer sustainable and cost-efficient solutions for carbon removal and establish a negative emissions marketplace.
“Södra is constantly working to create additional value from its members’ raw materials and increase our contribution to the climate transition – preferably through new partnerships. We are developing the work of family forestry, making our processes more efficient and reducing emissions. But our development does not stop there. We always want to improve, and carbon capture strengthens our long-term work towards an ever-greater positive contribution to the climate, while broadening our base and creating new value from a by-product of our mills,” said Lotta Lyrå, CEO of Södra.
The project has entered the initiation phase. Södra will now implement feasibility studies and preliminary projects before making a decision to invest in a bio-CCS facility.
“Södra is continuously seeking new opportunities to strengthen its business operations through innovation and development. Together with Verdane and Equinor we represent the entire value chain – from capture to storage of CO₂. We are working long-term to build a sustainable value chain and hoping to add negative emissions to this process,” said Andreas Hörnfeldt, Södra’s Head of New Business.
Learn more at www.verdane.com/njordcarbon or enquire about joining the Njord Carbon initiative by contacting
Head of New Business Phone: +46 76 138 79 56
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