Stewicon acts as legal advisor to Westenergy Ltd in its joint development project with Prime Capital AG and CPC Finland Oy to develop, construct and operate a full-scale carbon capture unit in the municipality of Mustasaari, Finland.
The total value of the investment is approximately EUR 138 million and the Finnish Ministry of Economic Affairs and Employment has granted a total of EUR 20 million of energy investment aid for the project.
The carbon capture unit will strongly reduce the carbon footprint of the existing waste-to-energy plant, while providing Koppö Energia’s large-scale power-to-x project in Kristinestad, jointly owned by CPC and Prime Capital, with a reliable supply of CO2 to produce carbon neutral synthetic gas. The project will make a strong contribution to sustainable development and circular economy in Finland, by allowing the re-utilization of CO2 that would have otherwise been emitted.
Once operating, the unit will be able to capture practically all Westenergy’s CO2. Out of this, ca. 150,000 tons of liquid CO2 per annum is destined for synthetic fuel production. This is equivalent to the annual carbon emissions of more than 20,000 persons. Additionally, around 30,000 tons per annum is estimated to be utilized by Westenergy for the manufacture of products permanently storing carbon dioxide, further accelerating the development of a new carbon recycling industry in the region.
Westenergy Ltd is a circular economy company which operates a waste-to-energy plant in the municipality of Mustasaari, Finland. Westenergy is owned by seven municipal waste management companies covering a total of 70 municipalities in the western part of Finland.
