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Carbfix signs agreement with Danish shipping company for the transfer of CO2

Carbfix and the Danish shipping company Dan-Unity CO2 have entered into an agreement for the transfer of CO2 to the Coda Terminal – a new CO2 Mineral Storage Terminal in Straumsvík, Iceland. The shipping company, which has decades of experience in transporting various types of gas at sea, will transport CO2 on specially designed ships that run on environmentally friendly fuels. The carbon footprint from the shipping will be only about 3-6% of the CO2 that will be disposed of. The first ships are expected to start sailing to Iceland from Northern Europe in 2025.

The Coda Terminal will be the first of its kind in the world, where the Carbfix technology will be utilized to permanently store CO2 by turning it into stone. The first phase of the project has already begun, and the Terminal’s expected storage capacity is expected to reach 3 million tonnes of CO2 per year by 2030.

Dan-Unity CO2 is the first shipping company solely dedicated to tackling climate change through CCS. Dan-Unity is formed by two of the most experienced Danish tanker companies, Evergas and Ultragas, both amongst the world’s largest and leading seaborne transporters of petrochemical gases and natural gas liquids.

Each ship will transport around 12-20 thousand tons of CO2 in liquid form, and the estimated cost of transport and storage in Straumsvík is 30 to 65 euros per ton.

Steffen Jacobsen, CEO of Evergas:

“Dan-Unity CO2 see our partnership with Carbfix as a tremendous contribution to reduce CO2 emissions fast and safe. We can draw upon our extensive expertise as leading seaborn transporters, giving shipping a crucial role in transporting the CO2. Denmark, being a global shipping nation, has a unique opportunity to lead in experience and new technologies. Already internationally well-known for its climate solutions, including alternative fuel for shipping transport, we can further strengthen this position together”

Edda Sif Pind Aradóttir, CEO of Carbfix:

"We are very pleased to have Dan-Unity CO2 on board. This is a well-established company with decades of experience in transporting gases at sea, adding extremely valuable experience to the project. Denmark places a great emphasis on climate issues, and hopefully this is only the beginning of Iceland and Denmark working together in the fight against climate change. It is very important for us to get people involved who show in action that they intend to take part in the fight against climate change. Dan-Unity CO2 will transport CO2 to Iceland in an environmentally friendly way, which is a great cause for celebration."

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