What is CarbFix?
CarbFix is the industrial process to capture CO2 and other sour gases from emission sources and permanently store it as rock in the subsurface. The process can furthermore be applied in relation to direct capture of CO2 from air. In the current CarbFix2 project, supported by The European Union, we are demonstrating how this secure, cost-effective and environmentally benign method to reduce atmospheric CO2 levels can be applied world-wide.
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CarbFix as a subsidiary
The Board of Directors of Reykjavík Energy (OR) has approved, subject to the confirmation of OR’s owners, to establish a public limited company (PLC) around CarbFix operations. The CarbFix process has been successfully operated at the Hellisheiði Geothermal Power Plant in recent years.
Read morePlans to double CarbFix reinjection at the Hengill Geothermal Area
ON Power, a subsidiary of Reykjavík Energy, has revealed plans to ramp up carbon capture and storage (CCS) operations at their power plants in Iceland. This includes both Hellisheiði and Nesjavellir Geothermal Power Plants. The statement followed the announcement that ON Power plans to reach carbon neutrality by 2030 (previously goal was 2040).
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