Skanska has finalised a contract to undertake foundational and quay construction for the Beccs Stockholm facility, a carbon (CO₂) capture and storage project in Sweden.

The contract with energy company Stockholm Exergi is valued at approximately Skr990m ($98.7m). It will be incorporated into Skanska Sweden's order bookings for the second quarter of 2025.

The Beccs Stockholm facility, to be located at Energihamnen in Värtan, is set to support the adjacent biomass power plant Värtaverket, which already generates heat and electricity from forestry and sawmill residues.

This new facility will capture and store an estimated 800,000 tons (t) of CO₂ produced from flue gases by the Värtaverket plant.

The contract marks the continuation of Skanska's involvement in the project, following its initial agreement for phase one.

Phase two encompasses groundwork and concrete construction for the Beccs building and a new quay.

Construction work is set to commence immediately, with an anticipated completion date in 2028.

Bioenergy carbon capture and storage technology, integral to the Beccs facility, is designed to capture biogenic carbon dioxide before it is released into the atmosphere, storing it permanently in bedrock.

This technology is a crucial component in Stockholm's strategy to become climate-positive by 2030.

Funding for Beccs Stockholm stems from a combination of EU Innovation Fund support, state aid, and the private purchase of negative emission certificates by companies.

In addition to the Beccs Stockholm contract, Skanska has recently secured two other projects.

In the US, the company was awarded a $421m contract for the Raritan River Bridge Replacement project by the New Jersey Transit Corporation.

Furthermore, Skanska also won a contract to construct a backup water treatment plant in Turku, Finland, for Turku Region Water, demonstrating the company's expanding global footprint in infrastructure development.