Mantel Secures $30M to Bring Low Cost, Energy Efficient Carbon Capture to Heavy Industrial Sector
Mantel team // PHOTO: Business Wire
September 18, 2024
BY Mantel Capture, Inc.
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Leading Danish district heating companies Sønderborg Varme and Thisted Varmeforsyning have signed a collaboration agreement with Carbon Clean to engage and collaborate in applying for a subsidy from the Danish Energy Agency’s CCS Fund. The partnership will allow Carbon Clean to explore opportunities to deploy its carbon capture technology in Denmark.
Stockholm Exergi announced its decision to build one of the world’s largest facilities for capture and permanent storage of biogenic carbon dioxide. The investment amounts to SEK 13 billion. Construction will begin immediately, with the goal of having the facility operational in 2028.
The expansion of Northern Lights will increase the transport and storage capacity from 1.5 million to a minimum of 5 million tons of CO2 per year, enabling further reduction and removal of European industrial CO2 emissions.
The CCS fund for carbon capture and storage is DKK 28.7 billion, and a maximum of 10 companies can participate. To apply for funding, applicants must first be prequalified. 16 companies have applied, and the Danish Energy Agency will now assess the applications in order to select 10 companies.
Value Maritime has successfully installed its unique Exhaust Gas Cleaning System and Carbon Capture unit aboard Nexus Victoria, an LR1 product tanker owned by Mitsui O.S.K. Lines, Ltd. (MOL). The completion of this installation marks a significant development in CO2 emissions reduction in the shipping industry and demonstrates MOL’s commitment to sustainability.
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