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CarbonQuest and Carbfix Join Forces to Accelerate Carbon Capture and Storage in North America

ByNeelima
2024-12-12.4 months ago
CarbonQuest and Carbfix Join Forces to Accelerate Carbon Capture and Storage in North America
CarbonQuest and Carbfix collaborate to deploy innovative carbon capture and storage solutions across North America.

CarbonQuest, a distributed carbon capture technology leader, has announced a Memorandum of Understanding (MOU) with Carbfix, the global frontrunner in CO2 mineral storage. This collaboration seeks to deploy Distributed Carbon Capture and Storage solutions in North America, tackling emissions in hard-to-abate industries.

Both companies combine their expertise to deploy carbon capture and mineralisation solutions for medium-scale emitters across the US and Canada. This will enable industrial facilities and manufacturing sites to adopt cost-efficient and effective decarbonisation strategies.

CarbonQuest boosts market reach with new investment from Riverbend Energy Group

Streamlined Onsite Carbon Capture and Storage Solutions

CarbonQuest’s modular DCCS systems are designed for space-constrained locations, utilizing advanced solid sorbents to capture CO2 from point sources. This design makes them ideal for industrial and campus settings, optimising power generation with Combined Heat and Power (CHP) technologies.

Carbfix technology converts CO2 into solid rock by dissolving it in water, injecting into basalt formations, mineralizing within two years. Already commercially successful in Europe, Carbfix’s solution ensures permanent, cost-effective carbon storage. By collaborating with CarbonQuest, Carbfix can extend its reach to new geographies, leveraging mineralization-ready sites across North America.

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Expanding Opportunities for Carbon Mineralization

Edda Aradóttir, CEO of Carbfix, said, “Carbfix is excited to partner with CarbonQuest to advance our interest in North America. We see tremendous potential for carbon mineralization in a variety of business scenarios from co-location or mineralization hubs, and this MOU will ensure that, together, we can bring meaningful projects to reality in the U.S. and Canada."

Additionally, this collaboration represents a significant step toward expanding access to carbon capture and storage solutions. CarbonQuest and Carbfix aim to drive sustainable growth and innovation in the fight against climate change by addressing the challenges faced by medium-scale emitters and hard-to-abate facilities.

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