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Fortum’s and Fjernvarme Fyn’s joint carbon storage project to receive Danish Business Promotion Board funding

05 January 2023, 13:00 EET

Fortum and Fjernvarme Fyn carbon storage project

Fortum and Fjernvarme Fyn (Odense, Denmark) has been granted DKK 10.6 million funding from the Danish Business Promotion Board to accelerate the research of best techniques to capture, store and in the longer run recycle the CO₂ from the Odense district heating plant and Fortum’s hazardous waste plant in Nyborg.

The funding follows the establishment of the strategic partnership between Fjernvarme Fyn and Fortum. The companies decided to join forces with the ambition to capture, store and use CO₂ from Fortum's hazardous waste facility in Nyborg and from Fjernvarme Fyn's waste and biomass-based CHP plant in Odense. The joint target is to capture 480,000 tonnes of CO₂ by 2030, however the long-term potential is up to 900,000 tonnes.

Fjenvarme Fyn provides district heating for the city of Odense. Fortum’s plant in Nyborg treats hazardous waste from many industrial companies in Denmark and supplies district heating for Nyborg. District heating and hazardous waste management are both critical services for society. With the strategic partnership, Fortum and Fjernvarme Fyn are aiming to develop their facilities into low carbon operations that can transform CO₂ into a sustainable raw material which can be reused for instance in recycled plastic or as fuel in industry, transport and shipping.

The companies have concluded a feasibility study that assessed whether it is realistic to proceed with the project on a large scale. Based on the preliminary results, the parties have confirmed that there is significant potential and good synergies in a continued collaboration.

As a next step of the collaboration, Fortum and Fjernvarme Fyn will carry out an analysis of concrete solutions for implementation in Odense and Nyborg respectively.

Further information

Danish Business Promotion Board
Funding of PtX and hydrogen projects in Denmark

Jens Peter Rasmussen, Head of Waste Management Services Denmark, Fortum.
Tel: +45 6331 7314, jens [dot] peter [dot] rasmussen [at] fortum [dot] com.