Carbfix provides a natural and permanent storage solution by turning CO2 into stone underground in less than two years. The technology provides a complete carbon capture and injection solution, where CO2 dissolved in water – a sparkling water of sorts – is injected into the subsurface where it reacts with favourable rock formations to form solid carbonate minerals via natural processes.
Three factors make the collaboration between Carbfix and Climeworks especially beneficial:
- The Carbfix method turns the air-captured CO2 into stone, thus creating a permanent and safe storage solution
- Immediate proximity to the Hellisheidi geothermal power plant (which is owned and operated by Reykjavik Energy, Carbfix’ parent company) - the second largest in the world -, which provides the necessary low-carbon heat and electricity needed
- Carbfix has a very strong scientific backbone, as well as sophisticated monitoring and analysis of sequestered CO2, which is crucial to reliably show that CO2 is removed permanently and safely