About CO2 Capsol
CO2 Capsol is a carbon capture technology provider with a goal to accelerate the transition to a carbon negative future. The company’s energy efficient, cost competitive and environmentally friendly solution is licensed out either directly to customers or through industrial partners globally. Key target segments include cement, biomass, energy-from-waste, power generation and large industrial. CO2 Capsol is listed on Euronext Growth Oslo, Norway (ticker: CAPSL).
Our main office is in Madserud Allé 2, 0274 Oslo, Norway.
To accelerate the world's transition to a carbon negative future
Contribute to limit climate change with our energy-efficient and safe carbon capture technologies
The history behind CO2 Capsol's proprietary technologies
CO2 Capsol's carbon capture technologies are based on a chemical process using the safe solvent Hot Potassium Carbonate (HPC).
HPC as a solvent has been used to capture carbon dioxide for many decades (pre-combustion), with hundreds of HPC plants in commercial operation in the chemical process industry.
The technology was initially invented and developed by the U.S. Bureau of Mines in the 1940s and 50s, with further developments made in the 1970s. It is a robust, non-degradable (in the presence of oxygen), easily accessible absorbent, and is field proven for medium to large scale processes.
The development of CO2 Capsol's proprietary HPC technologies for post-combustion carbon dioxide capture started in 2003.
The first successful tests of the technology were performed at the Värtan combined heat and power (CHP) plant in Stockholm, Sweden, in 2008. The tests performed at Värtaverket showed a high CO2 capture efficiency of >98%.
In 2016, Stockholm Exergi commissioned a new CHP plant KVV8, at Värtaverket, which is run on wood chips based on forestry residues such as tree branches and tops as the main fuel (i.e. the plant utilizes secondary biomass).
In July 2022, Stockholm Exergi signed a Patent License agreement for the use of CO2 Capsol's HPC technology for carbon dioxide capture at their plant KVV8. The facility has the potential of capturing 800,000 tons of CO2 per year, making it Europe's first large-scale plant with negative CO2-emissions when operational at the end of 2025.
A simplified overview of the Capsol EoP process
The CO2 rich flue gas is compressed to around 5-8 bar(a) (depending on the CO2 concentration) before it enters the bottom of the absorber, where the pressurised flue gas reacts with the downwards flowing of solvent. The lean flue gas leaves the absorber column at the top.
The CO2 rich solvent leaves the absorber at the bottom, is depressurised, and led to the top of the desorber, where the partial CO2 pressure is low, forcing the solvent to release it high CO2 content to the steam flow.
The pure CO2 leaves the top of the desorber, from where it can be liquified and further processed. The lean solvent is lead back to the top section of the absorber.