Bio-CCU is a Business Finland funded co-innovation project focusing on sustainable value creation of the carbon dioxide emission capturing and its circularity. The project targets to support markets development and to explore emerging value chains of industrial processes such as capturing CO2 emission, its circulation and further utilization. This project directly contributes to decarbonization of the society and industrial processes to mitigate anthropogenic effects causing climate change and to circular economy principles implementation across industries.
While the decarbonisation of society is and will remain at a high priority, there will be a continuing need for sustainable carbon as a feedstock and raw material going forward and an increasing need for solutions for carbon removals through long-term utilization and storage. This creates a great interest for carbon capture and use (CCU) in conversion products creating sustainable value of the bio- and waste-based Carbon dioxide (CO2).
While the decarbonisation remains key priority, the EU Commission recognises that circular economy and sustainable bioeconomy sectors combined with a recycling of carbon are necessary to replace fossil fuels in sectors that are inevitably carbon dependent and will remain such also in the future. Recycling of carbon from waste streams and sustainable biomass sources in addition to direct air capture are seen as key actions to deliver on the aforesaid objectives and deliver feedstock to the EU economy of e.g. synthetic fuels, plastics and chemicals.
The main targets of the Bio CCU project support fast growing and large market for the negative CO2 emission applications. The objectives are:
- Identify the regulative feasible, economically, and socially optimal business models and value chains to create understanding on how to commercialize and capture economic value from future possibilities in CO2-based products and services in sustainable way.
- Identify the best technologies for the carbon capture and utilization of CO2 in chemical, biochemical and electrochemical conversion, including the CO2 capture and H2 production in terms of efficiency and sustainability.
- Compare raw materials, processes and products to find best sustainable techno-economic pathway and applications to further development of the products.
- Promote sustainable circular economy solutions in bio- and waste-based CCU including possibilities to sell carbon credits in voluntary markets as services.
- The results promote possibilities to export the products and services and the competitiveness of Finnish companies and industries.
University of Oulu
Research project partners include University of Oulu, LUT University, Luke and University of Helsinki. Company project partners are Fortum, Chemitec and Sumitomo. Additionally, Stora Enso, Kiertokaari, GBW, Oulu Energy and P2X Solutions are involved as company funding partners.