CarbonQuest and Carbfix Partner on North American Carbon Capture Projects
CarbonQuest, a leading innovator in distributed carbon capture technology, has entered into a strategic partnership with Carbfix, the world’s foremost operator of CO2 mineral storage solutions. The collaboration, formalized through a recently signed Memorandum of Understanding (MOU), aims to tackle emissions from North America’s most challenging industrial facilities by deploying cutting-edge distributed carbon capture and storage (DCCS) solutions.
Expanding Access to DCCS Across North America
This partnership combines CarbonQuest’s modular, point-source carbon capture technology with Carbfix’s advanced CO2 mineralization techniques to target and decarbonize medium-scale emitters across the United States and Canada. By working together, the companies intend to make significant strides in capturing and permanently storing carbon emissions from industrial sites, focusing on facilities located near areas suitable for CO2 mineralization.
The initiative aims to create cost-effective on-site carbon capture and storage (CCS) projects tailored specifically for industrial and manufacturing facilities. These projects will support both new infrastructure and retrofits, providing an efficient and scalable solution for emissions reduction. Through this collaboration, CarbonQuest and Carbfix seek to optimize the cost-effectiveness and efficiency of CO2 capture and mineralization, making these transformative technologies accessible and viable for a wider range of industries.
Enabling Transformation with Cutting-Edge Technologies
The success of this partnership hinges on the integration of CarbonQuest’s modular carbon capture solutions and Carbfix’s revolutionary CO2 mineralization technology. Each company brings a unique technological advantage to the table, enabling a comprehensive approach to decarbonization.
CarbonQuest’s Modular Capture Solutions
CarbonQuest has developed a versatile distributed carbon capture system designed for use in space-constrained environments, such as industrial, utility, and campus settings. This innovative system uses solid sorbents to efficiently capture CO2, ensuring that even facilities with limited space, such as those powered by Combined Heat and Power (CHP) systems or fuel cells, can implement carbon capture technology. The company’s solutions are designed to be easily integrated into a variety of industrial operations, providing a scalable and flexible approach to reducing emissions at the point of release.
Carbfix’s CO2 Mineralization Process
Carbfix specializes in a groundbreaking CO2 mineralization process that transforms carbon dioxide into stable mineral forms. The process begins by dissolving CO2 in water, which is then injected into basaltic rock formations deep underground. Over the course of two years, natural chemical reactions occur that convert the CO2 into solid carbonate minerals, locking it away permanently. This technology has already been successfully implemented in Europe and has proven to be a cost-effective, scalable, and permanent solution for CO2 storage. With the partnership with CarbonQuest, Carbfix aims to expand its operations into North America, accelerating the deployment of these innovative CO2 storage solutions in new geographies.
Leadership Perspectives
The leadership teams at both companies have expressed their excitement and confidence in the partnership’s potential to drive meaningful progress in industrial decarbonization.
Edda Aradóttir, CEO of Carbfix, shared her enthusiasm about the collaboration: “We are thrilled to be partnering with CarbonQuest to bring our CO2 mineralization technology to more industries across North America. Together, we can provide a scalable and sustainable solution to decarbonize hard-to-abate industrial sectors and contribute significantly to the global effort to combat climate change.”
CarbonQuest, as a company dedicated to decarbonizing medium-scale emitters, offers a comprehensive, turnkey solution for businesses. Its distributed carbon capture systems capture CO2 before it is released into the atmosphere, making it possible to either mineralize the captured CO2 or use it in industrial applications. This approach supports the circular economy, helping businesses achieve their environmental, social, and governance (ESG) goals while working toward net-zero emissions.
Carbfix, on the other hand, is a pioneer in the field of natural CO2 storage. Its expertise in turning CO2 into stone underground in less than two years has positioned the company as a leader in permanent carbon storage. By partnering with businesses, Carbfix develops and operates mineral storage projects that provide a crucial contribution to climate recovery efforts.
A Strategic Collaboration for Industrial Decarbonization
Through this collaboration, CarbonQuest and Carbfix aim to lead the way in providing scalable, sustainable, and permanent solutions for industrial decarbonization. The strategic alignment between the two companies reflects their shared commitment to advancing the fight against climate change by leveraging innovative technologies that can deliver real-world emissions reductions.
As industries face increasing pressure to meet stringent carbon reduction targets, this partnership represents a significant step forward in addressing the carbon emissions of hard-to-abate industrial sectors. By combining CarbonQuest’s expertise in modular carbon capture with Carbfix’s proven CO2 mineralization technology, the companies are poised to transform the landscape of industrial decarbonization across North America.
With a focus on scalability, cost-effectiveness, and long-term sustainability, the partnership between CarbonQuest and Carbfix is a critical milestone in the ongoing global effort to reduce carbon emissions and combat climate change. The companies are committed to working together to accelerate the deployment of these transformative technologies, providing a pathway for industries to reduce their environmental impact and contribute to a more sustainable future.
