Carbfix and ON Power receive €3.9m for Icelandic carbon capture project


Subsidiaries of Reykjavik Energy, Carbfix and ON Power, have been granted €3.9m from the EU Innovation Fund for the Silverstone project.

The Silverstone project is based at the company’s Hellisheidi geothermal plant and aims to reach near-zero carbon footprint using scaled-up carbon capture and mineral storage operations, achieved via Carbfix technology.

This technology has its origins in 2007 at the Hellisheidi Power Plant, where Carbfix collaborated with several Icelandic and international univerisities and research institutions to develop a CO2 capture and mineral storage system.

To store the captured CO2, the gas is dissolved into water, created a carbonated water, and then injected into basaltic rocks. A reaction occurs between the gas and the rocks, resulting in the formation of stable carbonate minerals within the rock.

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