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European Commission Directorate-General for International Partnerships (EuropeAid HQ)

Coda by Carbfix - a highly scalable, cost effective CO2 mineral storage hub: Coda Terminal

Last update: May 16, 2023 Last update: May 16, 2023

Details

Locations:Denmark, Iceland
Start Date:Jan 1, 2023
End Date:Mar 31, 2036
Sectors:Energy, Logistics, Transport
 Energy, Logistics, Transport
Categories:Grants
Date posted:May 16, 2023

Associated funding

Associated experts

Description

Programme(s): Innovation Fund (INNOVFUND)-INNOVFUND-1

Topic(s): InnovFund-LSC-2021

Type of action: INNOVFUND Lump Sum Grants

Project ID: 101085993

Objective: The Coda Terminal will be the world’s first carbon mineral storage terminal, providing a new, safe and scalable method of permanent CO2 storage. Coda will establish the full carbon capture and storage (CCS) value chain, using sustainable propulsion to ship CO2 to Iceland for injection into basaltic rocks and permanent storage as carbonate minerals. Coda is a novel, low-cost CCS solution and a crucial contribution to achieving the EU’s long-term climate targets, planning to achieve 91% relative greenhouse gas emission avoidance over the first ten years of operation.

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