Aker Carbon Capture ASA announces that SLB Capturi has completed its first modular carbon capture plant
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%.
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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
AI-generated analysis. How Rhea-AI works. Not financial advice.
FORNEBU,
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
For further information:
Media and Investors: Mats Ektvedt, mob: +47 41 42 33 28,
email: mats.ektvedt@corpcom.no
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