Stockholm Exergi takes final Investment decision on world's first large-scale BECCS project, using Capsol's carbon capture technology [Yahoo! Finance]
Frontier Group Holdings, Inc. (ULCC)
Company Research
Source: Yahoo! Finance
construction following a final investment decision (FID) by Stockholm Exergi. The project will deploy Capsol Technologies' carbon capture solution to permanently remove 800,000 tonnes of CO2 annually from 2028 and is backed by offtake agreements with Microsoft and Frontier Group. The milestone positions Capsol as a front-runner in the emerging market for negative emissions and highlights the increasing maturity of carbon removal markets. Stockholm Exergi's project has received EUR 180 million from the EU Innovation Fund, as well as long-term offtake commitments from Microsoft (3.33 million tonnes) and Frontier Group (USD ~50 million), which includes Meta, Stripe, Alphabet, Shopify and McKinsey. "This breakthrough is the result of Stockholm Exergi's pioneering efforts, strong market momentum for carbon removals, government support, and our cost-efficient, energy-smart technology," said Wendy Lam , CEO of Capsol Technologies. "It sets a global precedent for BECCS deployment and furt
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