Espoo, Finland – December 22, 2022 - Sumitomo SHI FW (SFW) has today signed a cooperation agreement with CO2 Capsol to develop and deliver standardized carbon capture plants for Waste-to-Energy (WtE) and biomass-fuelled combined heat and power (CHP) facilities based on CO2 Capsol’s technology.
SFW has a wide and strong foothold in the global energy, waste, and process industries, which are served by its 1,800 employees across 20 locations in 14 countries. SFW has execution and service hubs in Europe, Asia, and North America with manufacturing facilities in China, Poland, Thailand, Finland, and Sweden. The company is part of the Japanese Sumitomo Heavy Industries Group (SHI).
CO2 Capsol is a carbon capture technology provider with a focus on solutions based on the hot potassium carbonate (HPC) process and has made several innovations to optimize the performance of HPC-based carbon capture plants.
The agreement covers a non-exclusive cooperation for WtE and Biomass CHP facilities globally, with in addition SFW having preferred partner status with CO2 Capsol for carbon capture plants at its current and future installed boilers, and CO2 Capsol having preferred status as SFW’s HPC-based carbon capture technology provider.
Developing standardized solutions aims to reduce cost and lead time in the delivery of carbon capture capacity. The addressable market for such standardized carbon capture plants consists of thousands of WtE and Biomass CHP plants worldwide. To date, SFW has delivered over 500 large boiler projects worldwide, whereof a large part for carbon-neutral biomass and low-carbon waste feedstocks.
By partnering with CO2 Capsol, SFW grows its portfolio of carbon capture solutions, which includes Oxy-fuel and Calcium-looping, and significantly expands its serviceable market. What makes CO2 Capsol’s solution particularly attractive is the low energy penalty, the use of a low-cost and benign solvent and the possible integration into district heating.
Tomas Harju-JeantyCEO, Sumitomo SHI FW
The agreement represents an important “stamp of approval” of our capture technology, and it is in line with our strategy to scale by partnerships. Through SFW we add significant drive to market, sell and deliver CO2 Capsol’s technology in Europe, USA and Asia, ultimately helping us reach our mission of capturing as much CO2 as possible