Aker Carbon Capture and Haldor Topsoe have signed a memorandum of understanding with the intention to offer a complete solution for low-carbon hydrogen production.
The solution combines Haldor Topsoe’s proven hydrogen process and Aker Carbon Capture’s post combustion carbon capture technology to achieve low-emission and cost-effective production of ‘blue’ hydrogen – a clean energy carrier with a wide array of applications in industry and as a fuel. The European Union foresees investments of €11 billion for retrofitting half of the existing European hydrogen plants with carbon capture and storage before 2030.
“We are very pleased to team up with Haldor Topsoe to develop and deliver sustainable solutions for the existing hydrogen market. We view this as an important step of implementing our established strategy. Aker Carbon Capture’s proprietary amine capture technology is complementary with Haldor Topsoe’s hydrogen process, and together we can offer an integrated solution to the market,” says Valborg Lundegaard, chief executive officer of Aker Carbon Capture.
Decarbonizing the existing hydrogen market by adding carbon capture is a key to unlock the emerging hydrogen market in Europe, and the collaboration between Aker Carbon Capture and Haldor Topsoe aims to accelerate this process. The two companies intend to enter into a formal cooperation agreement in early 2021 and approach market opportunities.
”The collaboration with Aker Carbon Capture is an exciting opportunity to support customers in lowering their emissions from hydrogen production. Haldor Topsoe is a world leader in technology to produce hydrogen, and we are determined to lead the transition towards significant reductions in carbon emissions in this field and others,” says Amy Hebert, chief commercial officer of Haldor Topsoe.
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About Haldor Topsoe
Haldor Topsoe is a global leader in supply of catalysts, technology, and services to the chemical and refining industries. Topsoe aims to be the global leader within carbon emission reduction technologies by 2024. By perfecting chemistry for a better world, we enable our customers to succeed in the transition towards renewable energy. Topsoe is headquartered in Denmark and serves customers around the globe. In 2019, our revenue was approximately DKK 6 billion, and we employ more than 2,300 employees. www.topsoe.com
About Aker Carbon Capture
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. The company is majority-owned by Aker Horizons, an investment company dedicated to creating value and reducing emissions from renewable energy and decarbonization technologies.
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Media and investor contact: Ivar Simensen, +47 46 40 23 17, ivar.simensen@akerhorizons.com