Capsol Technologies awarded engineering study for European BECCS project
Oslo, Norway, September 8, 2025 - Capsol Technologies, a leading provider of carbon capture technology, has been selected by an undisclosed client to deliver a feasibility study for evaluating CapsolEoP® at a biomass fired combined heat-and-power plant in Europe.
The study will evaluate a Bioenergy with Carbon Capture and Storage (BECCS) configuration capable of removing more than 200,000 tonnes of CO2 each year, turning the facility into a source of durable, net negative emissions.
Fueled by waste wood, the facility already supplies renewable heat to nearby communities. A CapsolEoP® plant can efficiently generate additional energy for a district-heating network, optimizing overall energy use and reducing target cost of high-quality carbon-dioxide-removal (CDR) credits.
“Biomass with carbon capture is emerging as a cornerstone of the net zero toolbox. Partnering with a leading player on this landmark project accelerates the scale-up of negative emissions in Europe,” said Johan Jungholm, Chief Business Development Officer at Capsol Technologies.
Market tailwind
Momentum in the voluntary CDR market is accelerating: 15.48 million tonnes of durable CDR were contracted in Q2 2025 – more than all previous quarters combined (13.6 million tonnes), according to CDR.fyi. Growing demand for verifiable removals strengthens the business case for BECCS projects.
Capsol has a mature pipeline of more than 22.6 million tonnes of annual CO2 capture capacity, of which more than 5 million tonnes come from biomass and energy-from-waste. Capsol’s technology is already licensed for three bio-CCS projects, including Stockholm Exergi’s 800,000 tonne-per-year BECCS plant, which reached final investment decision in March 2025, underscoring market traction. Capsol has multiple high-conviction projects with potential FID’s in 2026 and based on target revenues of 10-15 EUR/tonnes, one fully priced FID could be sufficient to generate positive EBITDA for three years.
For further information, please contact:
Jacob Zeno Clausen Krøvel
SVP Investment and Strategy, Capsol Technologies
+47 48 40 32 25
About Capsol Technologies
Capsol Technologies ASA is a carbon capture technology provider with a goal of accelerating the transition to a net zero future. The technology combines inherent heat recovery and generation in a stand-alone unit based on a proven and safe solvent. Capsol’s technology is licensed either directly to customers or through industrial partners globally. Key segments include cement, biomass, energy-from-waste and gas turbines. Capsol Technologies is listed on Euronext Oslo Børs (ticker: CAPSL). For more information, visit capsoltechnologies.com.
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