Rio Tinto and Carbfix partner for carbon capture and storage
26 Oktober 2021 - 10:00AM
Business Wire
Rio Tinto and Carbfix are partnering to implement a technology
for capturing carbon and permanently storing it underground at the
ISAL aluminium smelter in Iceland.
Under a Memorandum of Understanding (MoU) for a strategic
partnership, Carbfix will use Rio Tinto’s land surrounding the ISAL
smelter for onshore CO2 injection in the world’s first carbon
mineral storage hub, the Coda Terminal. Liquified CO2 will be
imported by ship from industrial sites across North Europe for
storage.
With safe and economic carbon storage at its doorstep, Rio Tinto
views ISAL as an ideal site to become the first smelter where
carbon capture and storage is implemented in the aluminium
industry. The companies will work together to advance carbon
capture solutions that are already being tested in production cells
at ISAL, with the aim of using the Carbfix technology to further
decarbonise the plant.
Carbfix CEO Edda Sif Aradottir said: “The world’s climate goals
will not be met without large scale deployment of carbon capture
and storage. Partnering with Rio Tinto will allow Carbfix to take a
significant step forward in developing the world’s first carbon
mineral storage hub, so our technology can make a sizeable
contribution to global climate efforts.”
Rio Tinto Aluminium Chief Executive Ivan Vella said: “The
innovative technology developed by Carbfix provides a pathway
towards further decarbonisation of aluminium production at our ISAL
smelter, which already produces low carbon aluminium using
renewable energy. We will be working together to tackle the
technical challenges to progress the carbon capture solution that
we have begun trialling at ISAL. Beyond this, we will look for
opportunities to apply Carbfix's technology for decarbonisation
across Rio Tinto's operations, complementing other innovations such
as our ELYSIS partnership for zero carbon aluminium smelting."
All the IPCC pathways to 1.5°C require deep reductions in
emissions and include carbon dioxide removals technologies. So
while Rio Tinto is prioritising emissions reductions at mines and
smelters, it is also exploring the potential role of carbon capture
and mineralisation.
Carbfix plans to drill the first injection wells for the Coda
Terminal in 2022, with shipments of CO2 starting in 2025.
The Carbfix technology rapidly transforms CO2 injected into
geological formations to solid carbonate minerals by accelerating
natural processes. The only feedstock used is water, electricity
and favourable bedrock such as the basalts surrounding the ISAL
site in Iceland.
Since 2014, Carbfix has captured more than 70,000 metric tonnes
of carbon from a power plant in Iceland and permanently stored it.
Recently, Carbfix commissioned the world’s largest direct air
capture and CO2 storage system together with its partner
Climeworks.
Read more about Carbfix and the Coda terminal:
www.carbfix.com/codaterminal
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211026005499/en/
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Carbfix
Silja Yraola Eyþórsdóttir Communications and marketing
M +354 6973465
E Siljaye@carbfix.com
Kristinn Ingi Lárusson Head of Business Development
E
Kristinn.Ingi.Larusson@carbfix.com
Edda Sif Aradóttir Chief Executive Officer E
Edda.Sif.Pind.Aradottir@carbfix.com
Category: ISAL
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