In Iceland, Carbfix has begun construction on the upgraded Silverstone, the CO2 capture plant at Hellisheiðarvirkjun. The upgrade will enable the capture of almost all carbon dioxide and hydrogen sulphide emissions from the power plant.
The current version of Silverstone already captures about 30% of carbon dioxide and 75% of hydrogen sulphide from the power plant and has been doing so since 2014. The project was granted ISK 600 million from the Innovation Fund of the European Union in 2021.
This project alone will deliver 10% of Iceland’s Climate Action Plan calls for by 2030 within the energy and industrial sectors not covered by the EU ETS.
