Database / Iceland / 2025

Iceland Onshore Mineralization Storage Framework 2025

Regulatory Active Verified

The April 30, 2025 Hellisheiði permit is the EU first onshore geological CO2 storage permit: Carbfix authorised for 106,000 t/yr and 3.18 Mt over 30 years across deep (geothermal-plant CO2) and intermediate (~500 m, DAC volumes) systems as one storage site with four injection locations. EFTA Surveillance Authority Decision 089/24/COL (June 26, 2024) walked the draft against every CCS Directive article — storage complex delimitation, stream composition with tracers, monitoring with five-year updates (ongoing since 2012), corrective measures, financial security, and a provisional 20-year post-closure watch shortenable at 95% mineralisation. The Coda Terminal programme (€115M EU grant, 700 kt/yr from 2029 to 3 Mt/yr by 2032) extends the same permitted method to imported European CO2. Over 100,000 tonnes mineralised to date fund credibility for the scale-up.

National Governance Context

Iceland Overview

Aggregate National Maturity Index (Peak Strength)

Governed Policies

3

Identified Projects

10

Operational Cap 0.0 Mtpa
Under Construction Cap 0.0 Mtpa
Planned Cap 4.2 Mtpa

Related Policy Network

Peer Frameworks

1998 Regulatory

Iceland Geologic Storage Act (Carbfix Mineralization)

2022 Regulatory

Iceland CO2 Storage and Mineralisation Legal Framework (Law No. 67/2022)

Directly Linked Assets

Coda terminal Phase 1

T&S — 0.7 Mtpa

Coda terminal Phase 2

T&S — 0.7 Mtpa

Coda terminal phase 3

T&S — 1.6 Mtpa

Climeworks Mammoth Project phase 2

Full chain — 0.03 Mtpa

Carbon Iceland Nordural plant

CCU — 1 Mtpa

Climeworks Orca

Full chain — 0.004 Mtpa

Climeworks Mammoth Project phase 1

Full chain — 0.006 Mtpa

Removr Carbfix Polar plant phase 1

Full chain — 0.002 Mtpa

Removr Carbfix Polar plant phase 2

Full chain — 0.05 Mtpa

CO-Creator Pilot Startup program DACCS

Capture — 0.1 Mtpa