Carbfix and Dan-Unity CO2 have inked an agreement for the shipment of carbon dioxide (CO2) to the Coda Terminal – a new CO2 mineral storage terminal in Straumsvík, Iceland.

Sharing details of the agreement on Wednesday (19th May), Dan-Unity CO2 said it will transport the CO2 on specially designed ships that run on environmentally friendly fuels.

Each ship will transport around 12,000-20,000 tonnes of CO2 in liquid form. Estimated cost of transport and storage in Straumsvík is €30-€65 per tonne.

The first ships are expected to start sailing to Iceland from Northern Europe in 2050.

One at the terminal, Carbfix technology will be utilised to permanently store the CO2 by turning it into stone. The terminal is thought the be the first of its kind in the world.

According to a statement, phase one of the project has already begun. The terminal’s expected storage capacity is expected to reach three million tonnes of CO2 per year by 2030.

“We are very pleased to have Dan-Unity CO2 on board,” said Edda Sif Pind Aradóttir, CEO of Carbfix. “This is a well-established company with decades of experience in transporting gases at sea, adding extremely valuable experience to the project.”

“Denmark places a great emphasis on climate issues, and hopefully this is only the beginning of Iceland and Denmark working together in the fight against climate change. It is very important for us to get people involved who show in action that they intend to take part in the fight against climate change.”

Steffen Jacobsen, CEO of Evergas, added, “Dan-Unity CO2 see our partnership with Carbfix as a tremendous contribution to reduce CO2 emissions fast and safe. We can draw upon our extensive expertise as leading seaborn transporters, giving shipping a crucial role in transporting the CO2.”

“Denmark, being a global shipping nation, has a unique opportunity to lead in experience and new technologies. Already internationally well-known for its climate solutions, including alternative fuel for shipping transport, we can further strengthen this position together”