Welcome to our dedicated page for Aker Carbon Capt news (Ticker: AKRCY), a resource for investors and traders seeking the latest updates and insights on Aker Carbon Capt stock.
Aker Carbon Capture (AKRCY) delivers modular carbon capture solutions for industries requiring scalable decarbonization. This news hub provides official updates on technology deployments, strategic partnerships, and operational milestones essential for understanding the company's role in emissions reduction.
Access curated press releases and verified news about AKRCY's global projects, including collaborations with SLB and Microsoft. Content focuses on concrete developments in carbon capture system installations, process innovations, and market expansion efforts across key industrial sectors.
Key updates include earnings announcements, new joint ventures, technology certifications, and project commissioning in sectors like cement production and waste-to-energy. All materials maintain factual reporting on the company's progress without speculative commentary.
Bookmark this page for reliable updates on AKRCY's contributions to industrial decarbonization. Regular visits ensure awareness of emerging carbon capture opportunities and the company's evolving solutions portfolio.
Aker Carbon Capture (AKRCY) announced that SLB Capturi and Aker Solutions have secured an EPCIC contract from Hafslund Celsio to implement a carbon capture solution at their waste-to-energy facility in Klemetsrud, Oslo. The project, part of Norway's Longship carbon capture and storage initiative, includes delivering a carbon capture plant, liquefaction system, and storage facilities.
The facility will capture 350,000 metric tons of CO2 annually when operational, expected by Q3 2029. The project utilizes SLB Capturi's modularized Just Catch 400 unit, chosen for its space-efficient design and cost-effectiveness. The CO2 will be transported from Oslo harbor to the Northern Lights permanent storage facility on the Norwegian continental shelf.
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.
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.
Aker Carbon Capture ASA reported its Q3 2024 results, showing a cash position of NOK 4.5 billion and equity of NOK 5.5 billion. The company posted a net loss of NOK 47 million for the quarter. Through its joint venture with SLB, now named SLB Capturi, where ACC holds a 20% stake, the company is advancing several major carbon capture projects. Notable developments include a new US-based project targeting 800,000 tonnes of CO2 capture annually and ongoing European projects in Norway, Denmark, and the Netherlands. The Board continues to evaluate future strategy and structure, with conclusions expected by Q1 2025.
Aker Carbon Capture ASA announced its second quarter 2024 results, highlighting the finalization of a joint venture (JV) with SLB. The JV aims to enhance industrial decarbonization through carbon capture technology. ACC ASA reported a gain of NOK 4.9 billion from the sale and ended the quarter with NOK 4.5 billion in cash.
CEO Valborg Lundegaard emphasized the JV's potential to scale industrial decarbonization and commercialize future technologies. ACC ASA retains a 20% stake in the JV, while SLB holds 80%. The new company will be based in Oslo.
The company saw significant market development, with active projects in Norway, Denmark, and the Netherlands, capturing up to 1 million tonnes of CO2 annually. Key projects include the Heidelberg Materials Brevik CCS in Norway, Ørsted's BECCS in Denmark, and the Twence project in the Netherlands.
Financially, ACC ASA ended with NOK 4.5 billion in cash and a solid equity position of NOK 5.5 billion. The board is defining future strategies, including the use of proceeds from the SLB transaction.
Aker Carbon Capture ASA (ACC ASA) has finalized a joint venture with SLB, selling 80% of its shares in Aker Carbon Capture Holding AS (ACCH) to a subsidiary of SLB. ACC ASA retains 20% ownership of ACCH. Post-transaction, Egil A. Fagerland steps down as CEO of ACC ASA to lead the joint venture as CEO, while Valborg Lundegaard returns as CEO of ACC ASA, having previously served from 2020 to 2023. Idun Heier is appointed as the new CFO. The Board of Directors will see changes with only shareholder-elected members. ACC ASA and SLB will collaboratively develop ACCH's business. The Board is also redefining the future strategy and structure of ACC ASA, including the use of proceeds from the transaction.
