Capsol Technologies ASA - Q3 2024: Strengthened CCS business case for emitters drives demand growth
Capsol Technologies ASA, a provider of carbon capture technology to large emitters, today announced its results for Q3 2024.Steady demand growth · Revenues up 80% to NOK 21.6 million, compared to same period in 2023. · Mature project pipeline up ~60% to 15 million tons CO2, representing potential pre-tax profits of more than NOK 1.2 billion. · Growing traction in cement sector with award of feasibility study from cement producer in Germany and CapsolGo® campaigns with SCHWENK, a leading European cement producer. Lower cost solution yields attractive returns for emitters