Carbfix in the Economist

01.10.2020

The Economists’ Special Report on Technology and Green Machines, published in September, featured an overview of some of the most interesting projects and technologies in the fight against global warming, including Carbfix‘s technological developments and the collaborative project of Carbfix and Climeworks in the Hellisheidi Geothermal Park.

To avoid the worst possible consequences of global warming, it is clear we must invest heavily in new technologies and make changes to our infrastructure. The Economist specifies four areas where technological change meets greenery: The adaptation industry, greater energy efficiency, renewables, and carbon removal. It then proceeds to list few of the most interesting and promising advances and ventures in the world today.

We are pleased to note that among these is the facility that Climeworks and Carbfix are set to build in the Hellisheiði Geothermal Park, that will suck 4,000 tonnes of CO2 out of the air each year, equivalent to the annual footprint of 600 Europeans, and transform it into rock through mineralisation using the Carbfix method.

The article goes on to describe Carbfix‘s next step in development, which is to take the process offshore, storing carbon under the ocean. A pilot project will begin in the next few years, and the Economist quotes Carbfix’s CEO, Edda Sif Pind Aradóttir, as saying that this could create almost limitless storage. The Economist‘s final words in the article refer to this pilot project of Carbfix, saying: „The world may need it.“