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Aker Carbon Capture and SLB Capturi Partner for Carbon Solutions

Aker Carbon Capture and SLB Capturi Partner for Carbon Solutions

Collaboration Between Leading Companies for Carbon Capture

Aker Carbon Capture ASA is excited to share transformative news regarding its partnership with SLB Capturi, as they embark on a significant project aimed at bolstering sustainability. The two renowned companies have been awarded a crucial contract to implement a comprehensive carbon capture solution at Hafslund Celsio's waste-to-energy facility in Oslo.

Hafslund Celsio: A Pioneering Energy Supplier

Hafslund Celsio stands out as Norway’s leading provider of district heating, recognized for its extensive operations, including the country's largest waste-to-energy plant. This initiative seeks to integrate cutting-edge carbon capture technology into their business model as part of Longship, a full value-chain carbon capture and storage project spearheaded by the Norwegian government.

Details of the Engineering Contract

The recently announced contract encompasses a wide range of services, including engineering, procurement, construction, installation, and commissioning (EPCIC) of a state-of-the-art carbon capture facility. The project promises significant advancements, such as a liquefaction system and a temporary storage facility, which will facilitate CO2 transportation. This CO2 will ultimately be directed to the Northern Lights storage facility located on the Norwegian continental shelf, indicating the project's ambitious scope.

Expected Outcomes of the Project

Upon completion, anticipated in 2029, the carbon capture plant is projected to significantly impact the environment by capturing an impressive 350,000 metric tons of CO2 annually. The operational efficiency has been enhanced through a thorough cost reduction phase, which uncovered numerous opportunities for streamlining the project. The agile framework adopted, particularly utilizing SLB Capturi's modular Just Catch 400 unit, underscores a commitment to innovation and practicality in carbon capture applications.

Innovative Technologies Leading the Way

The Just Catch technology represents a major advancement in the efficiency and effectiveness of carbon capture processes. By minimizing the onsite footprint and simplifying the installation process, this technology ensures that projects not only execute well but also remain environmentally responsible.

About Aker Carbon Capture ASA

Aker Carbon Capture ASA was formed in 2020, building on over two decades of experience and development in carbon capture technologies through Aker’s initiatives. This partnership with SLB Capturi presents an exciting opportunity to merge expertise and resources aimed at expediting industrial decarbonization on a global scale.

Partnering with SLB Capturi

SLB Capturi, resulting from a collaboration between Aker Carbon Capture and SLB, leverages the complementary strengths of both firms. As an innovator in this sector, SLB Capturi is committed to accelerating the global efforts to reduce carbon footprints through advanced technology and innovative practices.

Aker Solutions: Driving Low-Carbon Energy Transition

Aker Solutions continues to play a vital role in the energy transition. The organization's focus includes the delivery of integrated, cutting-edge solutions that support low-carbon oil and gas production while crafting renewable solutions destined to meet future energy demands. Aker Solutions merges digital advancements with robust project execution strategies, contributing to sustainable energy production.

About Hafslund Celsio AS

Hafslund Celsio AS dominates the district heating landscape in Norway, responsible for supplying 25% of the total generated district heating. In recent years, the company has significantly expanded its production capabilities and is in the process of diversifying into district cooling as well. With around 232 employees, Hafslund Celsio exemplifies commitment, expertise, and growth potential in the energy sector.

Frequently Asked Questions

What is the main goal of the Aker and SLB partnership?

The main goal is to develop a comprehensive carbon capture solution to significantly reduce CO2 emissions at Hafslund Celsio's facility.

When is the carbon capture plant expected to become operational?

The plant is anticipated to be operational by the third quarter of 2029.

How much CO2 will the plant capture annually?

The carbon capture plant is projected to capture approximately 350,000 metric tons of CO2 each year.

What technology will be used for the carbon capture project?

The project will utilize SLB Capturi's modular Just Catch 400 unit, known for its efficiency and reduced onsite footprint.

What is Aker Solutions' contribution to the project?

Aker Solutions provides integrated solutions that support low-carbon energy transition, aligning with the project's sustainability goals.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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