Carbon Capture & Storage mineralization in the Islandic underground

"What if we could turn CO2 into stone?" That was the question that started Carbfix in 2006. Carbfix captures CO2 and converts it into stone underground in under two years using proprietary technology that mimics and accelerates natural processes, offering a permanent and secure carbon storage solution. Carbfix proudly stands as the world's first CO2 mineral storage operator. Since 2012, Carbfix has mineralized over 90 thousand tons of CO2 in Iceland, employing its proprietary technology. This proven, safe, permanent, and cost-effective carbon storage solution is ripe for significant expansion, both within Iceland and on a global scale. Carbfix's largest ongoing project is the Coda Terminal, which has received a EUR 115M grant from the EU's Innovation Fund and is expected to have the capacity to mineralize 3 million tons of CO2 annually. With more than 40 dedicated employees, Carbfix is at the forefront of this groundbreaking technology, and it is a subsidiary of Reykjavík Energy (Orkuveita Reykjavíkur).

During his presentation, Kári Helgason will introduce Carbfix's mineralization technology and explain the processes involved in basaltic rock formations beneath Iceland. He will also discuss the potential of Carbon Capture & Storage, with an estimated annual storage capacity of 400 billion tonnes of CO2 in Iceland alone, as well as the scalability of their existing, proven technology. The Coda Terminal, a cross-border carbon transport and storage hub in Iceland, plays a pivotal role in this endeavor and is of particular interest to Danish companies exploring Carbon Capture & Storage possibilities for the future.

Dr. Kári Helgason, Head of Research & Innovation, Carbfix Technology