The pure play carbon capture company Aker Carbon Capture is gearing up in the UK
to capture opportunities in the rapidly evolving Carbon Capture and Storage
market.
The company recently established a UK entity and is working on several projects
to apply its proprietary carbon capture technology in the UK, which has been a
front-runner in developing CCS over the past decade.
The UK government has pledged to establish carbon capture of up to 10 million
tonnes of CO2 per year from 2030, with the first industrial clusters in
operation by the mid-2020s.
"Aker Carbon Capture will work to realize the solutions and facilities required
for the UK to reach its ambitious climate goals and contribute to developing new
sustainable jobs in the country," said Valborg Lundegaard, Chief Executive
Officer of Aker Carbon Capture.
CCS could support thousands of jobs in the UK by 2030, according to the UK
government's plans for a £1 billion CCS infrastructure fund - part of its Ten
Point Plan for a Green Industrial Revolution from November 2020.
Aker Carbon Capture will work closely with a new consortium announced today by
Aker Solutions, Siemens Energy and Doosan Babcock to deliver CCS solutions for
gas fired power stations in the UK. Aker Carbon Capture will provide its capture
technology with low solvent degradation and low emissions and key equipment to
complement the consortium's broad capabilities to deliver major industrial
projects.
Aker Carbon Capture and Siemens Energy in March announced plans to develop
combined offerings for carbon capture solutions for gas turbines and gas-fired
power plants. Siemens Energy, a leading energy technology company focused on
driving decarbonization, offers an established UK track record in the delivery
of CCGT power plants and strong operations and maintenance capabilities.
Separately, Aker Carbon Capture is also actively engaged in projects in other
sectors, including the waste-to-energy industry. the company recently completed
a feasibility study for Viridor to explore implementation of carbon capture at
one or more of the recycling and waste management company's plants in the UK.
Aker Carbon Capture is also exploring the market for CCS for cement factories
building on the project experience from the Heidelberg cement factory in Brevik,
Norway.
Offering Carbon Capture as a Service - carbon capture made easyT
One market innovation that could encourage early adoption of CCS in the UK is
carbon capture as a service. Aker Carbon Capture is offering an integrated
solution that covers everything a customer needs to reduce emissions by CCS. As
part of the service, Aker Carbon Capture will deliver and operate carbon capture
facilities, with transport and storage embedded in the service through strategic
partnerships.
"The market response to carbon capture as a service has been very encouraging.
Offering the full value chain under one pay-per-tonne model is a bold innovation
the market appears to appreciate," said Jon Christopher Knudsen, Chief
Commercial Officer at Aker Carbon Capture.
ENDS
Media contact:
Ivar Simensen, mob: +47 464 02 317 (http://tel:+47 464 02 317), email:
ivar.simensen@akerhorizons.com
Investor contact:
Christian Yggeseth, mob: +47 915 10 000 (http://tel:+47 915 10 000), email:
christian.yggeseth@akerhorizons.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 CO\2\ emissions.
Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect
with us on LinkedIn (https://www.linkedin.com/company/aker-carbon
-capture), Facebook (https://facebook.com/akercarboncapture),
Twitter (https://twitter.com/akercarbon),
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YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press
release may include forward-looking information or statements and is subject to
our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).