According to offshore energy reports, the Carbon Iceland project was launched in Iceland to capture over one million tons of CO₂ annually to produce renewable fuel, primarily for the fishing and maritime industries. Backed by Siemens Energy and Mitsubishi Heavy Industries, the project focuses on harnessing CO₂ emissions from Iceland’s largest smelters, starting with Norðurál, part of Century Aluminum. The first capture and production facility will be based at Grundartangi.
Project Partnerships and Support
The project has already secured an off-take agreement with Icelandic fishery company Útgerðarfélag Reykjavíkur, ensuring a local market for its renewable fuels. Additionally, Carbon Iceland aims to export renewable fuel to key markets in Europe and the U.S., with the involvement of partners like Maersk, BP, and Zephyr. Other supporters include the University of Iceland, STEY, Rannis, Empower, Norðurál, THrounarfelag Grundartanga, and Orkusjóður.
Technical Contributions
- Mitsubishi Heavy Industries: Supplying carbon capture technology to maximize CO₂ extraction.
- Siemens Energy: Providing expertise in Power-to-X and hydrogen production technologies to optimize the energy system, enabling an efficient, sustainable fuel production process.
This initiative represents a substantial advancement in sustainable fuel options for the maritime sector and supports Iceland’s long-term goal to mitigate industrial carbon emissions through innovative technology and cross-industry collaboration.
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Source: OFFSHORE ENERGY
