Saipem has received a full notice to proceed from Stockholm Exergi, the district of Stockholm’s energy company, for a large-scale CO₂ capture project at its bio-cogeneration plant in Sweden. This follows the successful financial closure of the project.
Project Scope & Significance
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Contract Value: ~€600 million
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Scope: Engineering, procurement, construction, and commissioning of carbon capture, CO₂ storage, and ship-loading systems
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Capacity: The plant will capture 800,000 tonnes of biogenic CO₂ annually from the biomass-fueled Värtaverket power plant in Stockholm, achieving net-negative emissions
This project strengthens Saipem’s position as a leader in carbon management and decarbonization solutions, leveraging its expertise across the entire CO₂ value chain.
A Milestone for Carbon Removal
Stockholm Exergi, with funding from the European Innovation Fund and the Swedish Energy Agency, will be among the first companies globally to develop a Bioenergy with Carbon Capture and Storage (BECCS) model. This will enable the issuance of Carbon Removal Certificates for trading on the voluntary market.
Saipem: Driving Energy Transition
As a global leader in energy and infrastructure engineering, Saipem is committed to supporting clients on the path to Net Zero. With advanced digital technologies, sustainable processes, and expertise in offshore and onshore solutions, Saipem continues to drive innovation in the energy sector.