Icelandic startup Carbfix is revolutionizing carbon capture by becoming the world's first CO2 mineral storage operator. At their facility CO2 is mixed with water and injected into basalt rock, accelerating the mineralization process. Veuer’s Maria Mercedes Galuppo has the story.
00:00Icelandic startup CarbFix is revolutionizing carbon capture by becoming the world's first CO2 mineral storage operator.
00:08At their facility, CO2 is mixed with water and injected into basalt rock, accelerating the mineralization process.
00:16Since 2012, CarbFix has successfully mineralized over 90,000 tons of CO2 using proprietary technology.
00:24It's very clear that we have a huge task in front of us, and we are not approaching our goals at the speed we need to, to reduce temperature increase on our planet.
00:38One of the critical action items, among a number of others, of course, is to implement carbon capture and storage.
00:48And this is a new technology to do that.
00:50At COP28, the largest project CarbFix is involved in is the Coda Terminal, set to mineralize 3 million tons of CO2.
00:59The first commercial delivery phase to Iceland is planned for 2027, with a pilot project already underway using CO2 from Switzerland.
