Fluor has announced it has signed memorandum of understanding (MOU) carbon dioxide mineral storage operator, Carbfix.
The MoU is to pursue integrated carbon capture and storage (CCS) solutions. Together, the companies look to minimise the impacts of climate change by helping to decarbonise hard-to-abate industries with high greenhouse gas emissions, such as steel, aluminium and cement.
The MOU also enables the two companies to pursue CO2 removal projects such as direct air capture and bioenergy carbon capture and storage.
The companies will leverage their respective expertise to partner with clients looking for end-to-end CO2 reduction. Fluor will provide its proprietary Econamine FG PlusSMcarbon capture technology and its engineering, procurement and construction experience. Carbfix’s transformative 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.
Jason Kraynek, president of Fluor’s production and fuels business says: ‘Fluor has been a leader in carbon capture for more than 35 years. Our collaboration with Carbfix is the next step in offering technical expertise and integrated solutions across the CCS value chain to reduce emissions.’
‘Achieving the world’s climate targets requires significant upscaling of carbon capture and storage…Our collaboration with Fluor is an important step for Carbfix as we work towards bringing our operations to the megaton scale,’ adds Edda Aradóttir, CEO of Carbfix.
