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 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.
Aker Carbon Capture ASA is set to present its third-quarter 2022 results on November 1, 2022, at 15:00 CET. The presentation will be available via a webcast, allowing stakeholders to participate and submit questions during the event. The presentation materials will be published beforehand at 07:00 CET. Interested parties can access the webcast through a dedicated link provided in the announcement. This event highlights the company's ongoing commitment to transparency and stakeholder engagement in its financial performance.
Aker Carbon Capture has signed a Memorandum of Understanding (MoU) with Storegga to enhance carbon capture and storage (CCS) projects in the UK, following its role in Keadby 3. This partnership leverages Aker's 20 years of expertise in carbon capture technology and Storegga's experience in CO2 transport and storage. Aker is expanding its presence in the UK by opening a new office in London to cater to increasing client demand, focusing on projects with significant CO2 capture potential, including SSE Thermal and bp's Net Zero Teesside.
On June 15, 2022, SSE Thermal and Equinor announced the selection of a consortium including Aker Solutions, Siemens Energy, Doosan Babcock, and Aker Carbon Capture for the Keadby 3 Carbon Capture Power Station project in the Humber region, UK. The FEED contract will lead to a power plant with a capacity of up to 910MW, capable of capturing 1.5 MT of CO2 annually. Expected to contribute £1.2bn to the UK economy, this project aims to support the UK's carbon capture and storage goals, enhancing energy security while promoting decarbonization.
