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Aker Carbon Capture Partnering on Major Carbon Project Expansion

Aker Carbon Capture Partnering on Major Carbon Project Expansion

Aker Carbon Capture and SLB Capturi Win Major Contract

Aker Carbon Capture ASA has exciting news as it partners with SLB Capturi to deliver a cutting-edge carbon capture solution. The project, commissioned by Hafslund Celsio, will be centered around a waste-to-energy facility at Klemetsrud. This collaboration signifies a significant step forward for both companies in the carbon capture industry.

Understanding the Project's Scope

This contract entails an extensive engineering, procurement, construction, installation, and commissioning (EPCIC) operation. Hafslund Celsio, the leading district heating supplier in the region and operator of the largest waste-to-energy plant, aims to implement robust carbon capture measures as part of the pioneering Longship project. This initiative is driven by the Norwegian Government to transition toward a sustainable future.

Components of the Carbon Capture Solution

The scope of work includes the construction of a comprehensive carbon capture facility. This setup will feature an advanced liquefaction system, a temporary CO2 storage and loading facility, and an intermediate CO2 storage and ship loading system at the local harbor. These infrastructures are vital as the captured CO2 is set to be transported to the Northern Lights permanent storage facility, located on the Norwegian continental shelf.

When Will the Project Become Operational?

Once operational, this facility is projected to capture an impressive 350,000 metric tons of CO2 every year. The anticipated completion for this ambitious project is set for the third quarter of 2029. This timeline showcases the strategic planning and innovative thinking behind the initiative, paving the way for a greener future.

Cost-Saving Innovations and Technology

The EPCIC award follows a meticulous cost reduction phase. During this period, Hafslund Celsio actively sought methods to enhance efficiencies across the project. Innovative capture technology plays a crucial role in this, as the award-winning modularized Just Catch 400 unit from SLB Capturi significantly optimizes the layout and minimizes the project's footprint. This forward-thinking design is essential for maintaining a cost-effective approach while maximizing output.

About Aker Horizons and Its Vision

Aker Horizons is dedicated to developing green energy and sustainable industry ventures, playing a pivotal role in the transition to Net Zero. As part of the Aker group, the organization leverages extensive industrial, technological, and capital market expertise to drive global decarbonization efforts. Their unique business model not only focuses on profit but also on fostering a environmentally positive impact across five continents.

The Future of Carbon Capture Technology

Aker Carbon Capture ASA initiated its journey as a separate entity in 2020, building upon over 20 years of experience and innovation. The recent establishment of a joint venture with SLB marks a new chapter in their growth. By combining resources and expertise, the two powerhouses are positioned to redefine the landscape of carbon management and create sustainable industrial solutions on a global scale.

Frequently Asked Questions

What is the primary goal of the Aker Carbon Capture project?

The main objective is to implement a carbon capture solution at Hafslund Celsio's waste-to-energy facility, enhancing sustainability efforts while significantly reducing emissions.

Where will the captured CO2 be stored?

Captured CO2 will be transported to the Northern Lights permanent storage facility on the Norwegian continental shelf, a vital step in long-term emission reduction.

When is the project expected to be completed?

The completion of the project is anticipated by the third quarter of 2029, showcasing Aker Carbon Capture’s commitment to timely execution.

What innovative technology is used in the project?

The project utilizes SLB Capturi's modular Just Catch 400 unit, which allows for a space-efficient and effective carbon capture process.

Who can I contact for more information about Aker Carbon Capture ASA?

For further inquiries, you can reach out to investor relations or media representatives as specified in the official communications.

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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