Frontier buyers commit $48.6M to Stockholm Exergi for bioenergy carbon removal

Frontier has facilitated $48.6 million in offtake agreements for carbon removal credits from Stockholm Exergi's bioenergy with carbon capture and storage (BECCS) project. The deal, which represents the first large European BECCS offtake for Frontier, will see buyers acquire a 'meaningful proportion' of the 800,000 tonnes of CO2 removed annually from 2028 to 2030. Stockholm Exergi will retrofit its KVV8 district heating facility in Stockholm, capturing CO2 from biomass combustion for permanent underground sequestration. The exact volume and price per tonne for Frontier buyers will be announced after the outcome of a Swedish government reverse auction for subsidies. This project aims to demonstrate commercial-scale carbon removal from a bioenergy facility, with a potential path to sub-$100 per tonne costs.