Fluor Corporation signs a memorandum of understanding (MOU) with Carbfix to pursue integrated carbon capture and storage (CCS) solutions. Together, the companies look to minimize the impacts of climate change by helping to decarbonize hard-to-abate industries with high greenhouse gas emissions, such as steel, aluminum and cement.
The companies will leverage their respective expertise to partner with clients looking for end-to-end CO2 reduction. Fluor will provide its proprietary Econamine FG PlusSMcarbon capture technology and its breadth of engineering, procurement and construction experience. Carbfix’s transformative technology dissolves CO2 in water and injects it into porous basaltic rock formations, where natural processes cause the CO2 to form stable carbonate minerals within two years.
The MOU also enables the two companies to pursue CO2 removal projects such as direct air capture and bioenergy carbon capture and storage.
