Aker Carbon Capture ASA announces that SLB Capturi has completed its first modular carbon capture plant

Rhea-AI Summary

Aker Carbon Capture ASA (AKRCY) has announced the successful completion and handover of its first modular carbon capture plant through SLB Capturi, a joint venture in which AKRCY holds a 20% stake while SLB owns 80%. The plant, located at Twence's waste-to-energy facility in Hengelo, Netherlands, utilizes the standard, modular Just Catch™ design.

The facility has the capacity to capture up to 100,000 metric tons of CO2 annually and represents a significant advancement in cost-efficient decarbonization. The captured CO2 will be utilized in the horticulture and food and beverage industries. The modular design reduces onsite installation and outfitting work, making it more cost-effective and easier to deploy compared to other market alternatives.

Positive

• Successful completion and handover of first modular carbon capture plant
• Plant capacity of 100,000 metric tons CO2 capture per year
• Cost-efficient modular design reducing installation and outfitting work
• Secured commercial applications for captured CO2 in horticulture and F&B sectors

Negative

• Minority stake (20%) in the SLB Capturi joint venture limits revenue potential

FORNEBU, Norway, Jan. 23, 2025 /PRNewswire/ -- Aker Carbon Capture ASA (ACC ASA) is excited to announce that SLB Capturi has completed commissioning and is handing over its first modular carbon capture plant at Twence's waste-to-energy facility in Hengelo, Netherlands.    

The carbon capture plant is based on SLB Capturi's standard, modular Just Catch™ design, which reduces onsite installation and outfitting work - providing a more cost-efficient and easier-to-deploy option compared with other market alternatives. 

Completion of the plant, with the capacity to capture up to 100,000 metric tons of CO2 per year, marks a significant milestone in enabling affordable decarbonization. The captured CO2 will be used in applications for the horticulture and food and beverage sectors.    

SLB Capturi is a joint venture between SLB and ACC ASA, combining the strengths and capabilities of both companies to accelerate industrial decarbonization at a global scale. SLB owns 80% of SLB Capturi, while ACC ASA owns the remaining 20% stake. 

For further information:
Media and Investors: Mats Ektvedt, mob: +47 41 42 33 28,
email: mats.ektvedt@corpcom.no

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FAQ

What is the annual CO2 capture capacity of AKRCY's new plant in Hengelo?

The new carbon capture plant has the capacity to capture up to 100,000 metric tons of CO2 per year.

Where is AKRCY's first modular carbon capture plant located?

The plant is located at Twence's waste-to-energy facility in Hengelo, Netherlands.

What is AKRCY's ownership stake in SLB Capturi?

Aker Carbon Capture ASA owns a 20% stake in SLB Capturi, while SLB owns the remaining 80%.

What industries will use the CO2 captured by AKRCY's Hengelo plant?

The captured CO2 will be used in applications for the horticulture and food and beverage sectors.

What technology does AKRCY use in its modular carbon capture plant?

The plant uses SLB Capturi's standard, modular Just Catch™ design technology.