Stockholm Exergi Awarded $1.8 Billion by Sweden for Biomass-Based Carbon Removal and Storage
ESG Today
JANUARY 27, 2025
Swedish energy company Stockholm Exergi announced today that it has been awarded support for bio-CCS, a technology that captures biogenic carbon dioxide before it reaches the atmosphere, through a reverse auction by the Swedish Energy Agency, with granted support of SEK 20 billion (USD$1.8 billion), to be paid out over up to 15 years. According to Stockholm Exergi, the new support forms an important part of the financing for its bio-CCS project, anticipated to capture 800,000 tonnes of carbon di
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