Carbon Iceland Project Launch: Turning CO2 From Smelters Into Renewable Fuel in Iceland

Carbon Iceland is preparing to capture emissions from the largest smelters in Iceland, starting with Norðurál, a Century Aluminum Company, with others to follow. This will allow Carbon Iceland to capture more than one million tons per year of CO₂, which will be used to produce renewable fuel for Iceland's fishing and maritime industries and other transportation vehicles and equipment.

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The Carbon Iceland project will significantly help Iceland meet its emission reduction targets for 2030 and 2040, as agreed upon by the Icelandic government. Mitsubishi Heavy Industries, a world leader in capture technologies, is discussing an optimal capture technology solution for the project. Additionally, Carbon Iceland is supported by Siemens Energy for Project Energy System Design Optimization, utilizing Siemens' expertise in hydrogen production technology and Power-to-X.

Project Milestone Meeting

A project introductory meeting was held in Reykjavik on October 17-18, where Mr. Guðlaugur Þór Þórðarson, Minister of the Environment, Energy and Climate, met with Carbon Iceland and its partners. The Minister celebrated this significant step in Iceland’s energy transition and the plan to prevent a considerable amount of CO₂ emissions from entering the atmosphere. The Carbon Iceland team also met with Madam Halla Tómasdóttir, President of Iceland, to introduce the extensive capturing plan and discuss the production of renewable fuel for Iceland’s industries.

Útgerðarfélag Reykjavíkur has already signed an off-take agreement with Carbon Iceland, securing renewable fuel for the company’s Factory Vessel, Guðmundur í Nesi RE-13, for the years ahead. Útgerðarfélag Reykjavíkur has been a leader in planning for a future with renewable fuels, and has already made significant modifications to Guðmundur í Nesi RE-13, preparing the vessel for renewable fuels. Útgerðarfélag Reykjavíkur is pleased to sign this agreement with Carbon Iceland to support the project and secure renewable fuel supplies for the future.