The main purpose of the feasibility study was to investigate whether a CO2 capture project could be technically, economically and regulatory feasible within the project scope based on emissions from Fjernvarme Fyn's waste-to-energy plant in Odense and Fortum's high-temperature plant in Nyborg. The rationale was to utilise part of the CO2 from the waste-to-energy plant in Odense for Power-to-X and transport the remaining CO2 from Odense and Nyborg for storage.
The feasibility study indicates that CO2 capture and storage at Fjernvarme Fyn is technically realistic and financially feasible if support is obtained from the state pool funds for CCS.
This is an important step for Fjernvarme Fyn to become CO2 neutral, and therefore Fjernvarme Fyn will continue the development in this area.
The feasibility study also shows that there is currently no economic basis for Fortum to make an investment in a Power-to-X plant located at Fjernvarme Fyn.
The companies have therefore decided to keep the option open for a continued co-operation on the use of CO2 and infrastructure.
"Fjernvarme Fyn and Fortum have chosen to discontinue the part of our strategic collaboration which relates to Power-to-X, because we have currently not identified a feasible way to utilize CO2 at Fjernvarme Fyn’s waste to energy plant. We will of course take all the good, shared experiences with us if new opportunities open up later", says Kim Winther.
Staffan Sandblom, Director P2X Business and Project Development continues: "We are pleased with what the project has achieved and have appreciated the professional cooperation with Fjernvarme Fyn. The CCUS market is very important for the climate but there are many variables that need to align for it to become a sustainable business. Although our common Power-to-X project isn’t feasible, we can surely use the experience from the Funen project as inspiration in other projects, and I am sure conditions for implementation of Power-to-X will improve."
"The preliminary project has matured the project in Nyborg - and we can now have a clear picture of the synergies on the Funen CO2 volumes. Therefore, we look forward to a continued fruitful collaboration to build joint transport and storage for CO2 from Funen", concludes Jens Peter Rasmussen, Head of Waste Management Service Denmark, Fortum.
Contact information
Kim Winther, Head of Development, Fjernvarme Fyn, via Anne-Marie Lindholm, Press responsible, Fjernvarme Fyn, +45 2015 8156, aml [at] fjernvarmefyn [dot] dk (aml[at]fjernvarmefyn[dot]dk)
Staffan Sandblom, Director P2X Business and Project, Fortum, +46 703 445 578, staffan [dot] sandblom [at] fortum [dot] com (staffan[dot]sandblom[at]fortum[dot]com)
Jens Peter Rasmussen, Head of Waste Management Services Denmark, Fortum, +45 6331 7314, jens [dot] peter [dot] rasmussen [at] fortum [dot] com (jens[dot]peter[dot]rasmussen[at]fortum[dot]com)
Fjernvarme Fyn is Denmark's third largest district heating company
Fjernvarme Fyn is owned by the Municipalities of Odense and Nordfyn. The company owns the largest combined heat and power plants on Funen, has just over 300 employees and is one of Europe's largest heat supplies. District heating Fyn covers approximately 97 percent of the heating needs in Odense and the surrounding area, corresponding to more than 200,000 citizens.
Fortum is a Nordic energy company
Fortum is a Nordic energy company. Our purpose is to power a world where people, businesses and nature thrive together. We are one of the cleanest energy producers in Europe and our actions are guided by our ambitious environmental targets. We generate and deliver clean energy reliably and help industries to decarbonise their processes and to grow. Our core operations in the Nordics comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. For our ~5 000 employees, we commit to be a safe, and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com
Fortum Recycling & Waste is rethinking recycling. Fortum's Waste-to-Materials program aims to eliminate CO2 emissions by converting waste into energy, creating a closed cycle for CO2 and producing sustainable materials based on waste and CO2-neutral hydrogen.
In Nyborg, Fortum Recycling & Waste detoxify hazardous waste at high temperatures. In addition to being a central part of Denmark's waste infrastructure, the company supplies electricity and district heating to approximately 9,000 households in Nyborg.