Skanska conducts groundworks for Stockholm Exergy's new Beccs facility in Stockholm, Sweden, for about SEK 990M

Rhea-AI Summary

Skanska (SKBSY) has secured a contract worth SEK 990M with Stockholm Exergi for groundwork construction of the Beccs Stockholm facility, one of the world's largest biogenic carbon dioxide capture and storage facilities. The project will be included in Skanska Sweden's Q2 2025 order bookings.

The Phase 2 contract encompasses foundation, ground, and concrete work for the Beccs building and a new quay facility. The facility, to be built in Energihamnen in Värtan, will capture and store approximately 800,000 tons of CO2 annually from flue gases generated by Stockholm Exergi's Värtaverket biomass power plant.

Construction begins immediately with completion planned for 2028. The project is supported by EU's innovation fund, state aid, and private purchases of negative emission certificates, contributing to Stockholm's goal of becoming climate-positive by 2030.

Positive

• Secured major contract worth SEK 990M to be booked in Q2 2025
• Project strengthens order backlog with long-term infrastructure work through 2028
• Strategic positioning in growing carbon capture infrastructure market

Negative

• None.

STOCKHOLM, April 3, 2025 /PRNewswire/ -- Skanska has signed a contract with Stockholm Exergi to lay the foundations and build a quay for the upcoming Beccs Stockholm facility, one of the world's largest facilities for capturing and permanently storing biogenic carbon dioxide, in Stockholm, Sweden. The contract is worth about SEK 990M, which will be included in the order bookings for Skanska Sweden for the second quarter of 2025.

The existing agreement between the parties for Phase 1 is now complemented by a contract for Phase 2, which includes foundation, ground, and concrete work for the Beccs building as well as a new quay facility.

Stockholm Exergi's facility, Beccs Stockholm, will be built in Energihamnen in Värtan. The nearby Värtaverket already produces sustainable heat and electricity from residues from the forest and sawmill industries. Now, the capture and storage of biogenic carbon dioxide are also being added. The Beccs facility will annually capture and store approximately 800,000 tons of CO2 from flue gases generated by Stockholm Exergi's biomass power plant Värtaverket.

Work on the new Beccs facility starts immediately and is planned to be completed during 2028.

Bio-CCS (Bio Energy Carbon Capture and Storage) is a technology that captures biogenic carbon dioxide before it reaches the atmosphere to then be permanently stored in bedrock. The construction of the facility is an important part of the City of Stockholm's goal to become a climate-positive area by 2030. Beccs Stockholm is made possible through a combination of support from the EU's innovation fund, state aid, and private purchases of certificates for negative emissions from companies with high climate ambitions.

For further information please contact:

Andreas Joons, Press Officer, Skanska Group, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com. 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-conducts-groundworks-for-stockholm-exergy-s-new-beccs-facility-in-stockholm--sweden--for-abo,c4130294

The following files are available for download:

https://mb.cision.com/Main/95/4130294/3364735.pdf	20250403 SE groundworks Beccs
https://news.cision.com/skanska/i/image-se-beccs-facility,c3394780	Image SE BECCS facility

 

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SOURCE Skanska

FAQ

What is the value of Skanska's (SKBSY) new contract for the Beccs facility in Stockholm?

Skanska secured a contract worth SEK 990M for groundworks and quay construction at the Beccs Stockholm facility.

When will Skanska's (SKBSY) Beccs facility construction be completed in Stockholm?

The construction work starts immediately and is planned to be completed during 2028.

How much CO2 will the new Beccs facility capture annually?

The facility will capture and store approximately 800,000 tons of CO2 annually from flue gases.

How is the Skanska (SKBSY) Beccs facility project being funded?

The project is funded through EU's innovation fund, state aid, and private purchases of certificates for negative emissions.