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 has been selected by the UK Government as a successful bidder in Phase 2 of the Track 1 CCUS Cluster Sequencing Process for its projects with bp and Viridor. These projects aim to capture significant amounts of CO2, including up to 2 million tonnes per year for bp's mega-scale gas-to-power project and around 1 million tonnes for Viridor's Runcorn CCS project. This initiative aligns with the UK’s commitment to achieve net-zero emissions and supports the £20 billion CCUS funding announced in the Treasury's Spring Budget. The government will continue expanding CCUS projects to meet its 2030 carbon capture targets.
On March 24, 2023, Oscar Fredrik Graff, a Board member of Aker Carbon Capture, acquired 10,000 shares at a price of NOK 13.60 each. Following this transaction, Graff holds a total of 10,000 shares in the company. This acquisition complies with the Market Abuse Regulation, indicating insider trading activity.
The press release emphasizes the importance of such disclosures under regulatory requirements.
On February 16, 2023, Jon Christopher Knudsen, Chief Commercial Officer of Aker Carbon Capture, purchased 10,000 shares at NOK 14.95 each. Post-transaction, Knudsen's total holdings in the company rose to 51,356 shares. This insider trading notification complies with Market Abuse Regulation requirements. Investors may find this activity significant as it reflects insider confidence in Aker Carbon Capture's future. For more detailed information, please refer to the primary insider notification form.
Aker Carbon Capture ASA will present its fourth-quarter 2022 results on February 15, 2023, at 15:00 CEST. The presentation will be available via a webcast, which can be accessed at this link. Interested participants can submit questions during the event, and the presentation material will be published at 07:00 CET on the same day. For media inquiries, contact Yannick Vanderveeren at +47 458 36 358. For investor queries, reach out to David Phillips at +44 7710 568279 or Christian Yggeseth at +47 915 10 000.
Aker Carbon Capture has secured a feasibility study to develop two carbon capture plants for Röhm, a leading chemicals manufacturer, targeting the capture of nearly 500,000 tons CO2 annually. This collaboration combines Aker's amine technology with Röhm's expertise in producing methyl methacrylate-based products, crucial for various industries, including automotive and medical. The initiative supports both companies' decarbonization goals and enhances Aker's position in the German market. The study will explore carbon capture viability in Röhm's major production areas, addressing specific flue gas challenges.
Aker Carbon Capture has initiated a pre-engineering study for a carbon capture facility in collaboration with St1 at the Finnsementti cement plant in Lappeenranta, Finland, aiming for a renewable synthetic methanol production. The facility is expected to capture approximately 40,000 tonnes of CO2 annually, contributing to the production of 25,000 tonnes of methanol each year. This project marks Aker's entrance into the Finnish market, leveraging insights from its ongoing facility at Norcem's cement plant in Norway. The Finnish Ministry has provisionally granted EUR 35.4 million in funding for the project, which is expected to commence methanol production by 2026.
Aker Carbon Capture has inaugurated the world's first carbon capture pilot for smelters at Elkem's Rana plant in Norway. This pilot, featuring a Mobile Test Unit (MTU), aims to capture 1.5 million tonnes of CO2 from combined emissions, contributing to climate targets. The project involves multiple partners and emphasizes the importance of carbon capture in metal industries. The CO2 HUB Nord initiative will further verify the technology for potential full-scale industrial application. Elkem's CEO highlighted the need for carbon capture in reducing emissions while supporting green transitions.
Aker Carbon Capture has signed a Letter of Intent for two Just Catch units for a project with a European customer, expected to capture 200,000 tonnes of CO2 annually. The final investment decision is anticipated in Q2 2023. The company is already constructing two flagship projects in Norway and the Netherlands, showcasing its commitment to decarbonization. The Just Catch modular concept allows for rapid deployment, with the aim to mass-produce carbon capture units for mid-scale emitters.
Aker Carbon Capture will assist Viridor with a pre-FEED study for the Runcorn CCS project located near Liverpool, aiming to capture 1 million tonnes of CO2 annually. This project marks a significant step towards large-scale carbon capture at energy-from-waste facilities. Viridor, the UK's largest waste company, aims for net-zero waste by 2040 and will leverage this partnership to innovate in resource recovery and recycling. The collaboration builds on a prior MOU aimed at advancing the UK's decarbonization efforts through next-generation CCS technology.
On October 25, 2022, Aker Carbon Capture announced that its Just Catch Offshore™ carbon capture facility has been qualified by DNV, enabling deployment in offshore oil and gas fields. This modular technology aims to significantly reduce emissions from power generation, addressing the oil and gas industry's substantial CO2 output, which was 25% of Norway's emissions in 2021. With capabilities for harsh weather and severe motions, Just Catch Offshore™ is designed for flexibility and efficiency, making it a viable solution for offshore CCS projects.
