Swedish energy company reaches Final Investment Decision – CCS project moves into implementation.

From the left: Malin Möller, Vice Chair of The Board at Öresundskraft, Stefan Håkansson, CEO Öresundskraft,
Björn Eisner, Chair of The Board at Öresundskraft.

Öresundskraft has made the Final Investment Decision (FID) for its carbon capture and storage (CCS) project at Filbornaverket in the city of Helsingborg, Sweden. The facility will become the first waste-to-energy plant in the EU to reach FID for the entire CCS chain, covering carbon capture, transport and permanent storage. The decision marks the transition from planning to implementation. The construction process is planned to start late 2026.

– We are incredibly proud to have reached this point. FID is the result of several years of dedicated work and represents the biggest step Öresundskraft has taken to date in the climate transition. As a company with an important role in our region’s development, we have a responsibility to show that climate action, energy security, and long-term value creation can go hand in hand. With FID now in place, we can move forward and make the CCS project in Helsingborg a reality, says Stefan Håkansson, CEO of Öresundskraft.

This is one of the largest investment decisions in Öresundskraft’s history and marks an important milestone for both the company and CCS development in Sweden.

– Making an investment decision of this magnitude carries significant responsibility. The Board has followed the project’s development closely for several years, continuously assessing its technical, commercial and financial viability. I am proud of the work that has gone into bringing the project to this point. The fact that we can now make the Final Investment Decision demonstrates that the conditions are in place to move from planning to implementation, says Björn Eisner, Chairman of the Board of Öresundskraft.

During its development, the CCS project has been awarded funding from both the EU Innovation Fund and the Swedish Energy Agency. This funding is part of the overall conditions that, together with the project’s commercial, technical, and financial development, have enabled the project to move into implementation.

Reaching FID has required establishing the entire CCS logistics chain, from construction and carbon capture to intermediate storage, transport and permanent storage. The solution brings together companies from Sweden, Germany and Norway. Öresundskraft has selected Linde as the supplier of the CCS facility and as the operator of the intermediate storage terminal at the Port of Halmstad. From Halmstad, Norway’s Northern Lights will transport the captured carbon dioxide for permanent geological storage beneath the North Sea. By sharing a vessel with an another operator, the partners can use transport capacity more efficiently. The solution demonstrates how Öresundskraft, together with several partners, is building the infrastructure required for large-scale CO₂ management in the Nordic region.

For Helsingborg, the investment decision means that one of the city’s largest climate initiatives is now moving from planning to implementation.

– This is an important investment decision for both Öresundskraft and Helsingborg. CCS future-proofs Filbornaverket’s role in the city’s energy and waste management system, enabling us to continue managing locally generated residual waste and supplying waste-based district heating in the future. At the same time, the investment strengthens Öresundskraft’s long-term competitiveness and creates new business opportunities in an energy system that increasingly demands that companies reduce their fossil emissions, says Björn Eisner, Chairman of the Board of Öresundskraft.

Facts about Öresundskraft’s CCS project:

FID: 30 September 2026
Investment: SEK 2.4 billion, including grants
Construction start: Late 2026
Planned commissioning: 2029
CO₂ captured: 200,000 tonnes per year
Capture rate: At least 90%
Biogenic share: 40-45%
Fossil share: 55-60%
Funding from the EU Innovation Fund and the Swedish Energy Agency: SEK 830 million (approx. EUR 73 million)
Transport and storage: Northern Lights, Norway
Intermediate storage: Linde
CCS facility: Linde Engineering

”– Making an investment decision of this magnitude carries significant responsibility. The Board has followed the project’s development closely for several years, continuously assessing its technical, commercial and financial viability.
Björn EisnerChairman of the Board of Öresundskraft

For more information contact:

Sofie Lilja, CCS Commercial & Communication Manager, Öresundskraft.
Tel. +46 (0)700 003 818. sofie.lilja@oresundskraft.se