ON Power
Silverstone
Carbfix’s Silverstone project at Hellisheiði in Iceland will expand on its existing capture and injection plant, raising annual CO₂ storage from 12,000 to 34,000 tonnes through mineralization. Over its lifetime it is expected to cut 150,000 tonnes of emissions, equal to 10% of Iceland’s 2030 Climate Action Plan targets outside the EU ETS. Supported by a €3.9M EU Innovation Fund grant, the project will deliver a new CO₂-optimised capture plant, to be commissioned in 2025.
City
Hellisheidi
Country
Iceland
Region
europe
Gov funding
€3,867,988
Overview
Full Project Overview
All key information and technical data related to this project
Overview
Company:
Project name:
Silverstone
Project categories:
capture
City:
Hellisheidi
County:
Sveitarfélagið Ölfus
Country:
Iceland
Region:
Europe
Government funding:
€3,867,988
Sequestration project:
Transport partner:
Carbfix
Storage partner:
Carbfix
Capacity (Mt/year):
34,000
Status:
In development
Date announced:
Nov-2021
News
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