Stockholm Exergi signs LOI with EPC contractor for CO2 capture project

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Swedish energy utility Stockholm Exergi aims to install a large-scale CO2 capture plant at its Värtaverket biomass power plant in Sweden's capital, and has signed a letter of intent (LOI) with the Italian multinational Saipem, which is to provide engineering and construction services for the project. According to Saipem, the LOI is a step towards the signing of the full EPC contract and allows limited engineering-related activities for the CO2 capture project to begin. The Italian services company says its scope of work is to cover the engineering, procurement, and construction activities for the carbon capture unit, CO2 storage facilities, and the ship loading systems designed for CO2 transportation. The plant is scheduled to go into operation in early 2026....

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