Aker Carbon Capture has been awarded a pre-FEED (pre-Front End Engineering
Design) for a Just Catch application by a Swedish energy company. The award
follows an earlier feasibility study contract for another Swedish company,
Söderenergi, announced in June, further strengthening Aker Carbon Capture's
position in the growing Swedish market.
"We are pleased to see positive market development in Sweden. We have seen a
significant boost in interest across the Scandinavian market after we won a
contract in May to deliver five Just Catch units for Ørsted in Denmark. The
level of activity has been high and growing at our Swedish office in Stockholm
this year," said Jon Christopher Knudsen, Chief Commercial Officer at Aker
Carbon Capture.
Sweden aims to become carbon neutral by 2045 at the latest. After 2045, Sweden
is to achieve negative net CO2 emissions. As part of these ambitions, Sweden is
positioning itself to become a global leader in generating high quality and
durable carbon dioxide removal (CDR) credits from bioenergy with carbon capture
and storage (BECCS). The country has a large bio-energy sector.
"Many Swedish emitters are now looking into BECCS and the potential to produce
CDRs. The Ørsted contract enabled by a partnership between Ørsted, Microsoft and
Aker Carbon Capture where the creation and offtake of CDRs was a key enabler for
the business case. We aim to replicate similar CDR models also in Sweden",
Knudsen concluded.
At Twence's waste-to-energy facility in the Netherlands, Aker Carbon Capture is
currently also delivering a Just Catch unit. These flagship projects contribute
to Aker Carbon Capture's mission to standardize and modularize carbon capture
plants, with reduced footprint and significant cost and energy benefits, to the
mid-scale emitter market.
"The fact that we are already delivering seven carbon capture units today,
including unique compact and modular products, as well as safe and reliable
project delivery, is a key differentiator. We believe the experience we gain
from these ongoing projects will be highly important for our growing Swedish
customer base", Knudsen continued.
ENDS
Media contact:
Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47 458 36 358),
email: yannick.vanderveeren@akercarboncapture.com
Investor contacts:
David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:
david.phillips@akercarboncapture.com
Aker Carbon Capture is a pure-play carbon capture company with solutions,
services and technologies serving a range of industries with carbon emissions,
including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen
segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a
unique, environmentally friendly solution for removing CO2 emissions.
Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect
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our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).