NIB supports Stockholm’s plan to become a carbon-neutral city
The Nordic Investment Bank (NIB) and Stockholm Exergi Holding AB (Publ) have signed a 10-year loan to fund Europe’s largest bio energy carbon capture and storage project in Stockholm, Sweden. Stockholm Exergi has secured a SEK 2 billion (approx. EUR 176 million) loan from NIB to support the construction of Europe’s largest Bio Energy Carbon Capture and Storage (Bio-CCS or BECCS) facility. Construction is set to begin in 2025, with the facility expected to be operational during 2028. BECCS is a technology that captures biogenic carbon dioxide (CO2) before it reaches the
