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AKER CARBON CAPTURE U/ADR - AKRCY STOCK NEWS

Welcome to our dedicated page for AKER CARBON CAPTURE U/ADR news (Ticker: AKRCY), a resource for investors and traders seeking the latest updates and insights on AKER CARBON CAPTURE U/ADR stock.

Aker Carbon Capture U/ADR (symbol: AKRCY) is a leading company dedicated to enabling carbon removal and reduction. The company focuses on developing and implementing carbon capture technology for various industrial applications. Their primary product, the Just Catch™ modular offering, is a standardized solution that allows for the pre-fabrication of carbon capture units, making the deployment of these technologies faster and more cost-effective.

Recently, Aker Carbon Capture has made significant strides in the carbon capture industry. In March 2024, they signed a Memorandum of Understanding (MoU) with CO280 Solutions to develop large-scale Carbon Dioxide Removal (CDR) projects in the US and Canadian pulp and paper industry. This collaboration aims to deploy Aker Carbon Capture's modularized Just Catch series to reduce emissions from recovery boilers, power boilers, lime kilns, and other stack emissions. This partnership has the potential to address a critical supply gap in the CDR market, offering permanent and verifiable carbon removals.

In another strategic move, Aker Carbon Capture announced an agreement with SLB to combine their carbon capture businesses. This partnership will leverage ACC's commercial carbon capture product offering and SLB's new technology developments, creating a platform for accelerating the introduction of early-stage technologies into the global market. This combined business is expected to support accelerated industrial decarbonization at scale, with SLB owning 80% and ACC 20% of the combined entity.

Furthermore, Aker Carbon Capture has been awarded a pre-FEED for Statkraft's Heimdal waste-to-energy plant, aiming to capture 220,000 tonnes of CO2 per year. This project is part of Norway's ambitious climate goal of reducing greenhouse gas emissions by 55% by 2030 and represents a significant step in the decarbonization of the waste-to-energy industry.

In April 2024, Aker Carbon Capture, CO280, and Microsoft signed an MoU to explore opportunities for scaling carbon removal in the US and Canada. This collaboration aims to create a scalable model to deploy large-scale projects quickly to meet global net-zero targets. The partnership will leverage Microsoft's digital capabilities to provide high-integrity carbon credits and promote policies that support the carbon capture market in the pulp and paper industry.

Aker Carbon Capture's financial condition remains robust, backed by strategic partnerships and a strong pipeline of projects. Their ongoing projects include delivering seven carbon capture units across Europe, contributing to the development of serial production of carbon capture units.

For investors and stakeholders, Aker Carbon Capture presents a compelling opportunity to engage in the growing carbon capture market, with proven technologies and a clear vision for industrial decarbonization.

Rhea-AI Summary
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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Aker Carbon Capture ASA will present its fourth quarter 2023 results on 25 January 2024. The presentation will be broadcast as a webcast and questions can be submitted throughout the event. Contact information for media and investors is provided. The company's stock ticker symbol is AKRCY.
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Aker Carbon Capture (ACC) has been awarded a feasibility study by Limeco, a Swiss company planning to construct a new waste-to-energy plant in Dietikon, Zurich. Carbon Capture and Storage (CCUS) is expected to be mandatory for future waste-to-energy plants in Switzerland, contributing to the country's 2050 net zero target. ACC's Just Catch carbon capture units will be used to capture CO2 emissions from Limeco's new plant, providing a sustainable solution for greenhouse gas reduction. The collaboration between ACC and Limeco showcases the growing importance of decarbonization efforts in waste-to-energy industry, with significant potential for market acceleration and business development.
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Uniper (UN01) has awarded Aker Carbon Capture a Process Design Package (PDP) to deliver design studies for a proposed post combustion carbon capture plant at their Grain power station in the Southeast of England. Aker Carbon Capture will provide its proprietary process technology design to capture carbon from the existing CCGT units at the plant, delivering a PDP that will establish the process design for the CO2 capture, conditioning, liquefaction, and temporary storage facility, as well as incorporating potential heat integration solutions. Uniper's ambitious strategy aims to make European power generation 80% carbon neutral by 2030, and the Grain Carbon Capture project is a significant step towards achieving this goal. The UK Government's commitment to investing up to GBP 20 billion for local carbon capture and storage (CCS) projects further supports the development of such initiatives, with plans to capture 20-30 million tonnes of CO2 by 2030.
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Aker Carbon Capture (AKCC) has signed a FEED contract with Hafslund Oslo Celsio (Celsio) to develop carbon capture at the waste-to-energy facility at Klemetsrud in Oslo, Norway. The FEED contract follows Celsio's cost reduction initiative for the Oslo CCS project and will be delivered based on Aker Carbon Capture's modularized Just Catch 400 unit, with a design capacity to capture up to 400,000 tonnes of CO2 per year. Celsio's waste-to-energy facility at Klemetsrud is the largest carbon emitter in Oslo and is responsible for 17% of the capital's fossil carbon emissions. The facility treats household waste, and waste from industry and enterprises. The waste treated at the facility consists of approximately 50 % biogenic CO2, enabling the delivery of negative emissions. The carbon capture project is an important contribution to reaching Oslo's climate goal and can provide unique learnings for the European waste-to-energy industry, which includes close to 20 facilities in Norway and around 500 similar facilities across Europe.
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Aker Carbon Capture ASA (ACC) CEO Egil Fagerland will present at Fearnley Securities Annual Renewables Clean-Tech Conference. The presentation will be available on the company's website. Contact details for media and investor inquiries are provided.
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Aker Carbon Capture (ACC) has been awarded an integration feasibility study for an e-fuel project in Finland. The company will investigate fully integrating one of its standardized and modularized Just Catch carbon capture units into the e-fuel process at a waste-to-energy facility. ACC's Just Catch unit could capture up to 100,000 tonnes CO2 per year, enabling the initial production of 20 megawatt of e-methane per year. This project aims to produce sustainable e-methane, contributing to Finland's goal to become carbon neutral by 2035.
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FAQ

What is Aker Carbon Capture's primary product?

Aker Carbon Capture's primary product is the Just Catch™ modular offering, a standardized solution for pre-fabricating carbon capture units.

What are the recent achievements of Aker Carbon Capture?

Recent achievements include signing an MoU with CO280 Solutions for CDR projects, an agreement with SLB to combine carbon capture businesses, and securing a pre-FEED for Statkraft's Heimdal waste-to-energy plant.

What is the significance of the partnership with CO280 Solutions?

The partnership with CO280 Solutions aims to develop large-scale Carbon Dioxide Removal projects in the pulp and paper industry, addressing a critical supply gap in the CDR market.

How will the collaboration with SLB impact Aker Carbon Capture?

The collaboration with SLB will accelerate the introduction of early-stage carbon capture technologies into the global market, supporting industrial decarbonization at scale.

What is the goal of the MoU with Microsoft?

The MoU with Microsoft aims to explore opportunities for scaling carbon removal in the US and Canada, leveraging Microsoft's digital capabilities for high-integrity carbon credits.

What are the financial highlights of Aker Carbon Capture?

Aker Carbon Capture's financial condition is robust, supported by strategic partnerships and a strong pipeline of projects, including seven carbon capture units currently being delivered in Europe.

What is the Just Catch™ modular offering?

The Just Catch™ modular offering is a standardized product that enables the pre-fabrication of carbon capture units, making the deployment faster and more cost-effective.

What is the significance of the Heimdal waste-to-energy project?

The Heimdal waste-to-energy project aims to capture 220,000 tonnes of CO2 annually, contributing to Norway's goal of reducing greenhouse gas emissions by 55% by 2030.

Who are the key partners of Aker Carbon Capture?

Key partners include CO280 Solutions, SLB, Statkraft, and Microsoft.

How does Aker Carbon Capture contribute to the net-zero transition?

Aker Carbon Capture contributes to the net-zero transition through its carbon capture technologies, strategic partnerships, and ongoing projects aimed at reducing and removing CO2 emissions.

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