Fluor Corporation has signed an MOU with Carbfix, the CO2 mineral storage operator, to pursue CCS solutions, according to a news release.
Together the companies look to decarbonize hard-to-abate industries like steel, aluminum and cement.
“The companies will leverage their respective expertise to partner with clients looking for end-to-end CO2 reduction,” the release states. “The MOU also enables the two companies to pursue CO2 removal projects such as direct air capture and bioenergy carbon capture and storage.”
Fluor will provide its proprietary carbon capture technology and EPC. Carbfix’ technology dissolves CO2 in water and injects it into porous basaltic rock formations, where natural processes cause the CO2 to form stable carbonate minerals within two years.
Carbfix has applied its method of turning CO2 into stone underground for more than a decade in Iceland. The company currently captures and mineralizes one-third of the CO2 emissions from Iceland’s largest geothermal power plant, with the goal of increasing this rate to 95% by 2025.
