SEB has been mandated from the Norwegian project developer Inherit Carbon Solutions to enter the market and invite companies to buy carbon removal certificates from four planned Nordic projects for the capture and storage of biogenic carbon dioxide.
“It is challenging for producers to invest in technology when they don’t know how much they will be paid for the finished product. We will therefore offer forward contracts where companies undertake to buy at a fixed price a specific quantity of carbon dioxide removal certificates at a specific time. This is one way to make the future cash flow visible,” says Maximilian Brodin, head of Commodities at SEB.
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Secretary in Government Committee on removing obstacles for electrification of the transport sector
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