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Aker Carbon Capture ASA will present its first quarter 2024 results on 25 April 2024. The presentation will be broadcast as an audiocast. Media and investor contacts are provided for inquiries. The event details and contact information are available in the press release.
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CO280 and Aker Carbon Capture collaborate with Microsoft to scale-up permanent, affordable carbon removal in US and Canada. The collaboration aims to capture and permanently sequester biogenic CO2 at pulp and paper mills, supplying significant volumes of permanent, verifiable, affordable Carbon Dioxide Removals (CDRs) to the market. The three companies plan to develop a scalable model to deploy large-scale projects quickly to meet global net zero targets, leveraging their expertise, technologies, and resources.
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Aker Carbon Capture secures pre-FEED for Statkraft's Heimdal waste-to-energy plant to capture 220,000 tonnes of CO2 annually, aiming to reduce up to 25% of Trondheim municipality's CO2 emissions. The collaboration supports Norway's climate goals, with Aker maintaining a strong position in the waste-to-energy sector.
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Aker Carbon Capture ASA partners with SLB to accelerate industrial decarbonization through a joint venture, aiming to leverage technology portfolios and expertise for global market impact. The transaction involves SLB acquiring 80% of the combined business, with ACC retaining 20%, in a deal valued at NOK 4.12 billion. The partnership aims to address the critical role of carbon capture in achieving net-zero emissions, with potential performance-based payments tied to future milestones and targets.
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Aker Carbon Capture and CO280 have signed an MoU to collaborate on large-scale Carbon Dioxide Removal projects in the US and Canada pulp and paper industry. The partnership aims to deliver permanent, verifiable, and affordable carbon removals. CO280 is a leading developer of CDR projects, with over 10 million tonnes per year of permanent CDR under development. The strategic alliance between the two companies will enable the development of the world's first permanent, verifiable, and affordable CDR solution at scale.
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Aker Carbon Capture has been awarded a feasibility study and test campaign to explore CO2 emissions capture from WACKER's silicon production plant in Norway. WACKER aims to cut emissions by 50% by 2030 and achieve net zero by 2045. This collaboration highlights the importance of carbon capture technology in reducing greenhouse gas emissions.
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Aker Carbon Capture has been awarded a carbon capture test campaign by CO280 Solutions and a leading pulp and paper company for a site on the Gulf Coast in the US. This project aims to implement multiple Just Catch 400 modular capture facilities with permanent storage, creating carbon removal credits. Aker Carbon Capture's extensive testing experience and innovative technology position them well in the North American market. The initial results are expected by the end of 2024, contributing to the company's goal of scaling up carbon removal in the pulp and paper industry.
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Aker Carbon Capture wins a study to assess carbon capture integration at biomass and waste-to-energy plants in Europe. The company's modular Just Catch system aims to streamline projects, reduce risks, and offer cost benefits. Aker Carbon Capture is positioned as a leader in the European market, aligning with the EU's ambitious GHG emissions reduction targets.
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Aker Carbon Capture has been awarded a feasibility study by Nordbex AB for the integration of two Just Catch 100 carbon capture units into an electric power generation project in southern Sweden. The project aims to provide clean baseload energy, remove carbon dioxide from the atmosphere, and support Sweden's goal to achieve Net-Zero greenhouse gas emissions by 2045. The award strengthens Aker Carbon Capture's position in the growing Swedish market.
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Aker Carbon Capture and MAN Energy Solutions have signed a Memorandum of Understanding to pursue opportunities related to carbon capture, utilization, and storage (CCUS) and CO2 compression in the North American market. The two companies will leverage their expertise in compressor technology, amine technology, and carbon capture products to drive scale through cost-efficient developments with optimized energy consumption and delivery time. North America is a leading region for CCUS globally, and the total volume of CO2 captured could reach 200 million tonnes per year in this region by 2030, according to Rystad Energy.
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