Brevik Carbon Capture Plant Reaches Mechanical Completion

Rhea-AI Summary

Aker Carbon Capture ASA announces the mechanical completion of the world's first full-scale carbon capture facility at the Heidelberg Materials Brevik cement plant in Norway. The facility, designed to capture 400,000 metric tons of CO₂ annually, is being delivered through SLB Capturi, a joint venture in which ACC ASA holds a 20% stake alongside SLB's 80% ownership. The project is part of Norway's Longship CCS value chain development and is scheduled to become operational by 2025, following the commissioning phase.

Positive

• Achievement of mechanical completion for world's first full-scale carbon capture facility at a cement plant
• Facility designed to capture 400,000 metric tons of CO₂ annually
• Strategic positioning in Norway's Longship CCS value chain development

Negative

• Minority ownership position (20%) in the project execution vehicle SLB Capturi

FORNEBU, Norway, Dec. 2, 2024 /PRNewswire/ -- Aker Carbon Capture ASA (ACC ASA) has reached a significant milestone with the mechanical completion of the world's first full-scale carbon capture facility at a cement plant, the Heidelberg Materials Brevik plant in Norway.

ACC ASA holds 20% ownership in SLB Capturi, which is delivering CO₂ capture, conditioning, compression, heat integration, intermediate storage and loading facility for the plant. The carbon capture plant is designed to capture 400,000 metric tons of CO₂  annually from the cement facility. The development will now move into commissioning phase and is planned to be operational by 2025.

The Brevik carbon capture plant is part of Longship, the full CCS value chain development enabled by Norway's strong competence in both carbon capture and storage.

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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SOURCE Aker Carbon Capture ASA

FAQ

What is the CO₂ capture capacity of Aker Carbon Capture's (AKRCY) Brevik facility?

The Brevik carbon capture facility is designed to capture 400,000 metric tons of CO₂ annually from the cement plant.

When will Aker Carbon Capture's (AKRCY) Brevik carbon capture plant become operational?

The Brevik carbon capture plant is planned to become operational by 2025, following its commissioning phase.

What is Aker Carbon Capture's (AKRCY) ownership stake in the Brevik project?

Aker Carbon Capture ASA holds a 20% ownership stake in SLB Capturi, the joint venture delivering the Brevik carbon capture project.