Fluor and Carbfix join forces to tackle carbon capture and storage solutions 

Fluor Corporation has announced a memorandum of understanding (MOU) with Carbfix, a leading carbon dioxide (CO2) mineral storage operator. This collaboration aims to develop integrated carbon capture and storage (CCS) solutions, with the goal of mitigating the effects of climate change and decarbonising industries with high greenhouse gas emissions, such as steel, aluminium, and cement.

Both companies will leverage their expertise to support clients seeking comprehensive CO2 reduction strategies. Fluor will contribute its proprietary Econamine FG PlusSM carbon capture technology, along with its extensive engineering, procurement, and construction capabilities. Carbfix, known for its innovative approach, employs a transformative technology that dissolves CO2 in water and injects it into porous basaltic rock formations. Natural processes then convert the CO2 into stable carbonate minerals within a span of two years.

The MOU also facilitates collaborative efforts between the two companies in pursuing CO2 removal projects, including direct air capture and bioenergy carbon capture and storage.

“Fluor has been a leader in carbon capture for more than 35 years,” said Jason Kraynek, president of Fluor’s Production & Fuels business. “Our collaboration with Carbfix is the next step in offering technical expertise and integrated solutions across the CCS value chain to reduce emissions. Together, we can build on Carbfix’s demonstrated success of safely mineralising carbon dioxideunderground.”

“Achieving the world’s climate targets requires significant upscaling of carbon capture and storage,” said Edda Aradóttir, CEO of Carbfix. “Our proven method of subsurface mineralisation of CO2 accelerates natural processes to achieve safe, cost-effective and permanent storage. Our collaboration with Fluor is an important step for Carbfix as we work towards bringing our operations to the megaton scale.”

Carbfix has been successfully applying its CO2-to-stone method underground for over a decade in Iceland. The company presently captures and mineralises one-third of the CO2 emissions from Iceland’s largest geothermal power plant and aims to increase this rate to 95% by 2025.

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