Sweden. Stockholm Exergi Holding AB (Publ)
| Date of agreement: | 28 Mar 2025 |
|---|---|
| Country: | Sweden |
| Customer: | Stockholm Exergi Holding AB (Publ) |
| Amount in SEK: | SEK 2,000 million |
| Amount in EUR: | EUR 176 million |
| Maturity: | 10 years |
This loan contributes to climate change mitigation: 100%
Project
The loan has been provided for Stockholm Exergi Holding AB (Publ) to fund Europe’s largest Bio Energy Carbon Capture and Storage (BECCS) project in Stockholm, Sweden.
Stockholm Exergi will use the hot potassium carbonate (HPC) technology, a post combustion absorption technology using hot potassium carbonate as the absorption material. The construction will include facilities for the compression, liquefaction and temporary storage of the CO2 on the company’s premises. To facilitate the temporary storage, an existing quay will be demolished, and a new one constructed.
The construction of the carbon capture unit, liquefaction and intermediate storage is planned to begin in 2025, and the facility is expected to be operational by late 2028.
Fulfilment of NIB's mandate
The BECCS project has the potential to capture 800,000 tonnes of carbon dioxide (CO2) per year, where 90% is biogenic, and the rest will be related to renewables and heat generation from the capture facility.
The increasing demand for carbon removal credits and sustainable energy sources is driven by companies striving to meet the Paris Agreement goals. Projections indicate an economic contribution of SEK 480 million to GDP, supporting 560 jobs. With full-scale deployment (30 Mt), the potential contribution to GDP could reach SEK 24, creating 28,000 jobs. This job creation spans the engineering, manufacturing, construction, transport and logistics sectors.
Impact indicators related to the investments:
- Production output
- Financial viability
- Development of the market for negative emissions and market price
- Tonnes CO2 permanently stored annually
Sustainability summary
This is a project with a potentially extensive environmental and/or social impact (category A, read more)
The carbon capture project at Stockholm Exergi (SE) is a category A project under the EU EIA-directive: the installation is for the capture of CO2 streams for geological storage, and the installation has an output >300 MW (400 MW installed capacity). Stockholm Exergi has a thorough process to ensure that the feedstock it uses is sustainably sourced, and the feedstock for the bio plant fulfils the sustainability and emission reduction criteria in the RED II (Renewable Energy Directive). Biomass is mainly sourced from the Nordic and Baltic countries.
