Progressive Energy (UK) and Pipe58 AB (SE) have signed a Memorandum of Understanding (MoU) to jointly advance Highway58, a transformative cross-border carbon capture, utilisation and storage (CCUS) initiative designed to accelerate industrial decarbonisation across the Baltic Sea region.
Highway58 aims to establish a new, shared CO₂ transport network, connecting
industrial emitters around the Baltic Sea to permanent storage (CCS) as well as
utilisation facilities such as e-Fuel producers (CCU). The project is intended to provide
industries with access to safe, reliable, and cost-eNective carbon transport, enabling a
scalable pathway to net zero – and beyond.
Across Sweden, Finland and the wider Baltic Sea region, industries face growing
pressure to decarbonise while sustaining long-term competitiveness. With
approximately two-thirds of Sweden’s and Finland’s CO₂ emissions being biogenic, the
region is uniquely positioned to deploy carbon capture at scale and deliver net-negative
outcomes. Highway58 is designed to unlock this opportunity at a large scale by enabling
collective action through shared infrastructure.
By bringing together CO₂-emitting industries across national borders, Highway58 is
envisioned as the backbone of a new Baltic Sea CCUS ecosystem – one that supports
national climate strategies, strengthens European cooperation, and contributes to
reducing atmospheric carbon levels.
“Progressive Energy brings extensive experience from the development of complex lowcarbon infrastructure projects, including its leading role in the HyNet North West and Peak Cluster initiatives in the UK. That experience will be highly valuable as we advance Highway58 towards commercialisation,” said Johan Beckmann, CEO, Pipe58 AB.
“Pipe58 has already brought Highway58 from early research through feasibility, building
deep regional insight, strong stakeholder relationships, and a clear strategic focus on
CO₂ infrastructure tailored to the Baltic Sea region,” said David Parkin, Director,
Progressive Energy Ltd.
“We see clear similarities with the industrial cluster projects we have helped develop in
the UK, and we look forward to advancing Highway58 together with Pipe58.”
Together, the partners aim to work closely with industry, governments, and regulators to
mature Highway58 from concept to a bankable infrastructure project, delivered at the
scale and pace required to support Europe’s climate ambitions.
>> Read more in the joint pressrelease from Pipe58 and Progressive Energy
