Sweden-based energy company Stockholm Exergi receives €180M from EU’s Innovation Fund: Here’s why

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Sweden-based Stockholm Exergi, an energy company that plans to build Europe’s first large-scale negative emissions plant, announced on Friday that it has received €180M from the EU’s Innovation Fund. According to Stockholm Exergi, once completed, the Bioenergy with carbon capture and storage (BECCS) plant will capture 800,000 tonnes of biogenic carbon dioxide every year. The facility will contribute to Sweden’s, and Swedish and international companies’ goals of achieving net-zero emissions.

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