We announced in March 2021 that four Fortum projects were shortlisted for EU innovation funding in low-carbon technologies. The total number of applications was 70. Yesterday, the European Commission announced the seven applicants that were pre-selected for grants. Stockholm Exergi’s Bio-CCS BECCS@STHLM project was one of the projects selected. Fortum divested its 50% ownership of Stockholm Exergi in September 2021.
Fortum’s other projects that applied for funding were
- Fortum Oslo Varme’s Carbon Capture and Storage (CCS) project
- Fortum, Uniper and Perstorp’s project Air for sustainable methanol
- Fortum project for producing sustainable battery chemicals from secondary raw materials on an industrial scale
These projects are still important for the European climate targets and we, together with our partners, are now looking for alternative ways to finance them. This may also include applying in the next round of the EU Innovation Fund call.