CarbFix

Carbfix was founded by the then Icelandic President, Dr Ólafur Ragnar Grímsson, Einar Gunnlaugsson at Reykjavík Energy, Wallace S. Broecker at Columbia University, Eric H. Oelkers at CNRS Toulouse (France), and Sigurður Reynir Gíslason at the University of Iceland to limit the Greenhouse gas emissions in Iceland. Reykjavik Energy supplied the initial funding for Carbfix. Further funding has been supplied by The European Commission and the Department of Energy of the United States. In addition to finding a new method for permanent carbon dioxide storage, another objective of the project was to train scientists.

The world's first injection of CO2 captured from the atmosphere was carried out in Hellisheiði in SW-Iceland in 2017, as part of the Europe H2020 funded project CarbFix2. The CO2 was captured using a Direct Air Capture (DAC) unit developed by the Swiss green-tech company Climeworks. The CO2 was then dissolved in water and injected into the basaltic subsurface.

In 2021, the world's first commercial DAC combined with storage plant, Orca, was commissioned in Hellisheiði in collaboration between Climeworks and Carbfix. The plant has the capacity to capture up to 3,600 tons of CO2 directly from the atmosphere that are injected into basalts for permanent mineral storage.

In 2024 Climeworks and Carbfix are commissioning the Mammoth DAC plant, with the capacity to capture up to 36,000 tons per year which will be injected into the basalt for permanent mineral storage at the Geothermal Park in Hellisheiði.