Engineering company Carbfix has signed a Memorandum of Understanding with construction business Fluor to develop integrated carbon capture and storage (CCS) solutions. Collaboratively, the pair will evaluate ways in which to reduce the impact of climate change by helping to decarbonize hard-to-abate industries that produce a large amount of greenhouse gas emissions, such as the steel, aluminum and cement sectors.
At present, Carbfix uses its proprietary technology to offer the permanent storage of CO2 by turning it into stone in porous basaltic rock formations. This method is carried out underground using a natural process and has been used by the company for more than 10 years in Iceland.
Under the MoU, Fluor will provide its own Econamine FG PlusSM carbon capture technology in combination with the company’s engineering, procurement and construction knowledge.
Additionally, the MoU will allow the duo to pursue CO2 removal projects which include direct air capture and bioenergy carbon capture and storage.
Both Carbfix and Fluor will combine their respective knowledge to find clients that are seeking end-to-end CO2 reduction solutions.
“Achieving the world’s climate targets requires significant upscaling of carbon capture and storage,” said Edda Aradóttir, CEO of Carbfix. “Our proven method of subsurface mineralization of CO2 accelerates natural processes to achieve safe, cost-effective, and permanent storage. Our collaboration with Fluor is an important step for Carbfix as we work towards bringing our operations to the megaton scale.”
“Fluor has been a leader in carbon capture for more than 35 years,” said Jason Kraynek, president of Fluor’s production and fuels business. “Our collaboration with Carbfix is the next step in offering technical expertise and integrated solutions across the CCS value chain to reduce emissions. Together, we can build on Carbfix’s demonstrated success of safely mineralizing carbon dioxide underground.”