Carbon Centric develops, builds and operates carbon capture plants, and will now construct a new plant at an energy recovery plant in Kirkenaer, south-east Norway. By purchasing 10,000 carbon capture credits per year, DNV acts as a catalyst for the project and will, during the first four years, account for one third of the facility’s total capacity.
“Developing carbon-negative projects is demanding and requires partners that are willing to lead the way and support projects at an early stage. We are therefore very pleased that DNV believes in us and is purchasing credits from us now. This agreement demonstrates how long-term purchase agreements can help realise new projects for permanent carbon removal, reduce risk and accelerate the development of a market for carbon removal,” said Kenneth Juul, Chief Commercial Officer and Co-founder of Carbon Centric.
Solør Bioenergi CHP plant in Kirkenær, Norway. (Image: Solør Bioenergi)
“The agreement with Carbon Centric is in line with DNV’s goal of compensating for our own carbon footprint and promoting verifiable climate action,” said Ulrike Haugen, Chief Communications, Public Affairs & Sustainability Officer of DNV. “Carbon capture and storage, and especially CCS associated with bioenergy as is the case with this project, will be crucial to getting closer to global climate targets.”
“DNV already contributes technical advisory services and verification to some of the world’s largest carbon capture projects. Now DNV itself is becoming an increasingly significant purchaser of credits. This is a market that needs support to scale. By entering projects like this at an early stage, we actively contribute to accelerating the development of a new industry and new solutions for carbon removal.”
This is the second agreement DNV has entered into with a Norwegian start-up within bioenergy with carbon capture and storage (BECCS). DNV has previously entered into a five-year agreement for carbon removal credits related to biogas production, with a contract value over EUR 10 million.
“Collaboration with carbon capture companies such as Carbon Centric and the purchase of carbon capture credits are an important supplement to the emission reduction measures we implement ourselves to meet the ambitions in our climate strategy – and a good solution for emissions that cannot be avoided. By contributing as a buyer in this type of project, we aim to support the development of the low-carbon society,” said Ellen Skarsgård, Head of Sustainability Development and Climate at DNV.
About the new carbon capture plant
• Project type: Bioenergy with carbon capture and storage (BECCS)
• Technology: Amine-based carbon capture from flue gas
• CO2 handling: Capture and liquefaction of CO2, followed by transport to permanent geological storage
• Annual capture capacity: up to 32,000 tonnes of CO2
• Planned start-up: 2028
• Location: Kirkenaer, south-east Norway
• Owner of the bioenergy plant: Solor Bioenergi
• Owner and operator of the carbon capture plant: Carbon Centric
