Fluor, Carbfix Developing Carbon-Capture, Storage Methods

Fluor Corporation and Carbfix have entered into a memorandum of understanding (MOU). The two companies are aiming to develop carbon capture and storage (CCS) solutions to reduce the carbon footprint of industries with high greenhouse gas emissions.

Caption: The partnership aims to enhance CCS technologies in heavy industry. Credit: Business Wire.

The companies will bring their expertise to the table, aiming to work with clients seeking a comprehensive approach to CO₂ reduction. Fluor's contribution includes its proprietary Econamine FG PlusSM carbon capture technology, along with its wide-ranging experience in engineering, procurement, and construction. Carbfix's technology transforms CO₂ by dissolving it in water and injecting it into porous basaltic rock formations, enabling natural processes to solidify the CO₂ into stable carbonate minerals within two years.

This partnership will also explore opportunities in CO₂ removal projects, such as direct air capture and bioenergy carbon capture and storage.

Jason Kraynek, president of Fluor’s Production & Fuels business, acknowledged the significance of the collaboration, stating, "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. Together, we can build on Carbfix’s demonstrated success of safely mineralizing carbon dioxide underground."

Edda Aradóttir, CEO of Carbfix, added that, "Achieving the world’s climate targets requires significant upscaling of carbon capture and storage. Our proven method of subsurface mineralization of CO₂ accelerates natural processes to achieve safe, cost-effective, and permanent storage. Our collaboration with Fluor is an important step for Carbfix as we work towards bringing our operations to the megaton scale."