Nasdaq and Adyen purchase CRCF-aligned carbon removal units from Beccs Stockholm project

Nasdaq and financial technology platform Adyen have agreed to purchase carbon removal units from the Beccs Stockholm project, marking the first publicly announced transaction aligned with the new EU CRCF framework. ClimeFi structured this agreement, which involves carbon removal units from Stockholm Exergi's bioenergy with carbon capture and storage (BioCCS) facility. The Beccs Stockholm facility, located at Stockholm Exergi's bio-cogeneration plant in Värtan, Stockholm, is planned to be operational in 2028. This facility will capture up to 800,000 tonnes of carbon dioxide per year from flue gases, cooling and compressing it into liquid form for permanent storage. This transaction demonstrates European buyers' trust in the Beccs Stockholm project and the CRCF framework for meeting climate ambitions, with ClimeFi monitoring the project's CRCF certification and unit delivery.

Counterparts (4)

advisor

ClimeFi

company

ClimeFi is an investment manager focused on climate infrastructure, targeting sustainable assets across Europe. They invest in energy transition, digital infrastructure, sustainable transport, and circular economy sectors, aiming for long-term value creation and positive environmental impact through their Climate Infrastructure Fund.

Offtaker

A

Adyen

company

N

Nasdaq

company

Nasdaq is a global technology company serving capital markets and other industries, providing trading, clearing, exchange technology, regulatory, and listing services. It operates exchanges and offers market data, analytics, and other financial services.

Developer

Stockholm Exergi

company

Stockholm Exergi is a Swedish energy company focused on providing district heating and cooling solutions, as well as electricity generation. They are involved in developing sustainable energy systems and reducing carbon emissions in Stockholm.