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Aker Carbon Capture is a dedicated carbon capture technology company striving to mitigate the environmental cost of industry for a brighter, more sustainable future.

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Aker Carbon Capture ASA: Third quarter 2024 results

Aker Carbon Capture ASA (“ACC ASA”) closed the third quarter 2024 with NOK 4.5 billion in cash and a solid equity position at NOK 5.5 billion.“Through our 20% ownership stake in the joint venture with SLB, which holds the remaining 80%, we will continue to scale and commercialize the carbon capture business. We are advancing carbon capture as a viable path to net zero for the customers and society at large,” said Valborg Lundegaard, CEO of Aker Carbon Capture ASA. The Board of Directors of ACC ASA continues the process of determining the future strategy and structure of the company,

Aker Carbon Capture ASA: Second quarter 2024 results

In the second quarter, Aker Carbon Capture ASA (“ACC ASA”) finalized a joint venture (JV) with SLB. The JV strategically combines technology portfolios, expertise, and operational platforms to support accelerated carbon capture adoption for industrial decarbonization at scale. ACC ASA booked a gain on the sale of NOK 4.9 billion and the cash position at the end of the second quarter was NOK 4.5 billion."We are immensely proud of making carbon capture a reality today with seven technology installations in progress in Norway, Denmark and the Netherlands that have the combined capacity to

Completion of transaction to combine carbon capture business with SLB, changes to executive management

OSLO, June 14, 2024—Reference is made to the announcement made by Aker Carbon Capture ASA (“ACC ASA” or the “Company”) today regarding closing of the previously announced joint venture with SLB, which includes the sale by ACC ASA of 80% of its shares in Aker Carbon Capture Holding AS (“ACCH”) to a subsidiary of SLB. ACC ASA will maintain ownership of the remaining 20% of the shares in ACCH.As a result of the transaction, there will be changes in the Company’s executive management.  Egil A. Fagerland will step down from his current position as CEO, to take on the role as CEO of the joint

SLB and Aker Carbon Capture Announce Closing of Carbon Capture Joint Venture

The joint venture will enable wider adoption of market-ready and new carbon capture technologies for power and hard-to-abate industrial sectors worldwide.HOUSTON and OSLO, June 14, 2024—SLB (NYSE: SLB) and Aker Carbon Capture (ACC) announced today the closing of their previously announced joint venture . The new company combines technology portfolios, expertise and operations platforms to support accelerated carbon capture adoption for industrial decarbonization at scale. “There is no credible pathway toward net zero without

Aker Carbon Capture ASA: Minutes of Annual General Meeting

The 2024 Annual General Meeting of Aker Carbon Capture ASA was held today as a digital meeting with online participation.All resolutions were made in accordance with the proposals set out in the meeting notice. Minutes of the meeting are attached and available on https://akercarboncapture.com/investors/general-meetings/. The articles of association were amended in accordance with the proposal. The number of board members was reduced to three, and the general meeting re-elected Kristian Monsen Røkke as the Chair of the Board of Directors, and Karl Erik Kjelstad as new deputy. ENDS

Aker Carbon Capture announces Chief Financial Officer Julie Berg to step down

Aker Carbon Capture ASA today announces that Julie Berg has decided to step down from her role as Chief Financial Officer to take on the position as Chief Financial Officer of Mainstream Renewable Power.“Julie has played an integral role in the process of developing an agreement to form a joint venture between Aker Carbon Capture and SLB, as announced in March. We are truly grateful for her contribution, and we’re appreciative that the Aker group will continue to benefit from her leadership skills and expertise as CFO of Mainstream,” said Egil Fagerland, Chief Executive Officer of Aker

Aker Carbon Capture ASA: First quarter 2024 results

In the first quarter 2024, Aker Carbon Capture recorded high commercial activity across Europe and North America. The company’s order backlog increased to NOK 2.3 billion, up from NOK 1.0 billion in the same period last year. Revenues rose to NOK 566 million, up 97 percent compared to the same period last year. The cash position at the end of the first quarter was NOK 902 million. The company announced the agreement to form a Joint Venture with SLB.“The decision to combine Aker Carbon Capture and SLB’s carbon capture business is underpinned by a strategic vision that reflects our commitment

CO280 and Aker Carbon Capture collaborate with Microsoft to scale-up permanent, affordable carbon removal in US and Canada

New collaboration aims to scale the full value chain of carbon removal by capturing and permanently sequestering biogenic CO2 at pulp and paper mills. CO280 and Aker Carbon Capture’s collaboration with Microsoft will supply the market with significant volumes of permanent, verifiable, affordable Carbon Dioxide Removals (CDRs).CO280 and Aker Carbon Capture have signed a Memorandum of Understanding (MoU) agreement with Microsoft to explore opportunities for scaling the full physical and digital value chain of carbon removal in the US and Canada. Together the three companies have the expertise,

Aker Carbon Capture ASA: Notice of postponed Annual General Meeting with amended agenda

Reference is made to the contemplated Joint Venture with SLB announced 27 March 2024. In connection with the Joint Venture, it is deemed relevant to amend the company’s purpose. To avoid holding two general meetings within a short time period, the Board of Directors have decided to postpone the Company's annual general meeting originally scheduled for 16 April 2024 until 29 April 2024 at 10:00 (CEST) and amend the agenda for the general meeting to also include the approval of amended articles of association.In addition, the Nomination Committee has updated its proposal on the composition of

Aker Carbon Capture awarded pre-FEED from Statkraft in Norway

Aker Carbon Capture has been awarded a pre-FEED for Statkraft’s Heimdal waste-to-energy plant for capturing 220.000 tonnes of CO2 per year. By capturing and permanently storing these emissions, it is possible to reduce up to 25% of Trondheim municipality’s CO₂ emissions.The pre-FEED covers CO2 capture, compression, purification, liquefaction, and temporary storage of CO2 at the Heimdal waste-to-energy plant. From Heimdal, the liquid CO2 will be transported by truck to an export terminal with subsequent ship transport to permanent storage. “We are excited to extend our collaboration with

Aker Carbon Capture Announces Agreement to form Joint Venture with SLB

The new company will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market, faster and more economically.OSLO, Norway, March 27, 2024 - Aker Carbon Capture ASA (Oslo: ACC) today announced an agreement with SLB to combine their respective carbon capture businesses to support accelerated industrial decarbonization at scale.  Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the partnership will leverage ACC’s commercial carbon capture product offering

Aker Carbon Capture ASA: Notice of Annual General Meeting

The annual general meeting of Aker Carbon Capture ASA will be held on Tuesday, April 16, 2024 at 15:00 CEST as a virtual meeting. The proposed agenda includes re-election of members of the board of directors.The meeting will be conducted as a virtual meeting only, accessible online via Lumi AGM. All shareholders will be able to participate in the meeting, vote and ask questions from smartphones, tablets or desktop devices. For further information regarding electronic participation, please refer to the guide available at www.akercarboncapture.com.   No pre-registration is needed for

Aker Carbon Capture and CO280 form strategic alliance to develop carbon removal projects in the pulp and paper industry

Aker Carbon Capture and CO280 Solutions, have signed a Memorandum of Understanding (MoU) to collaborate on the development of large-scale Carbon Dioxide Removal (CDR) projects beginning in the US and Canada pulp and paper industry that will deliver permanent, verifiable, affordable carbon removals.The parties will collaborate as preferred partners on a project-by-project basis, for point source carbon capture plants for pulp and paper mills, with the ambition to deploy Aker Carbon Capture’s modularized Just Catch series. Both parties will be working toward a standard CDR solution, which

Aker Carbon Capture awarded study and test campaign from Wacker

Aker Carbon Capture has been awarded a feasibility study and an eight-months test campaign to explore the capture of CO2 emissions from WACKER’s metallurgical-grade silicon production at the Holla plant in Kyrksæterøra, Norway. The German multinational chemical group has set a goal to halve its greenhouse gas emissions by 2030 and be net zero by 2045.Silicon metal is one of WACKER’s most important raw materials for producing two key products in its portfolio: silicones and hyperpure polysilicon. Currently, the silicon metal produced in Holla covers around one-third of demand at WACKER’s

Aker Carbon Capture ASA: Annual and sustainability report 2023

Aker Carbon Capture today publishes its Annual and sustainability report for 2023, which includes the annual accounts, the auditor's report for 2023, the corporate governance report, and the transparency act progress report. In addition, the company presents its remuneration report for 2023 and its equality and anti-discrimination report 2023.The reports are attached and are also available at https://akercarboncapture.com/investors/reports-and-presentations/. Aker Carbon Capture has also published its annual financial statements in European Single Electronic Format (ESEF), available as

Aker Carbon Capture awarded milestone project in the United States.

CO280 Solutions and a leading pulp and paper company have awarded a carbon capture test campaign to Aker Carbon Capture for an undisclosed site on the Gulf Coast in the US. This test campaign follows a successful pre-FEED performed for the same site. It will enable the full-scale implementation of multiple Just Catch 400 modular capture facilities with permanent storage, and the creation of carbon removal credits.Aker Carbon Capture has extensive testing experience, with more than 60,000 operational hours worldwide on multiple industrial flue gases. The company’s mobile test unit will now

Aker Carbon Capture awarded study for waste-to-energy plants in Northern Europe

Aker Carbon Capture has been awarded a study from a European developer to assess the feasibility of integrating carbon capture at multiple biomass and waste-to-energy facilities. The four initial plants will be based on Aker Carbon Capture’s modular Just Catch, which enables synergies across the projects, faster realization and reduced overall risk.“We are excited to be working on this leading carbon capture initiative. We believe that our configurable Just Catch, which facilitates serial-produced carbon capture units, will provide cost and delivery benefits. By addressing our customer’s

Aker Carbon Capture awarded study for capturing biogenic CO2 in Sweden

Aker Carbon Capture has been awarded a feasibility study by Nordbex AB, a Swedish developer of modular carbon negative power plants, for the integration of two Just Catch 100 carbon capture units into an electric power generation project in southern Sweden. Waste residues from local forestry management, timber and pulp and paper industries will be utilized as feedstocks for the new power plant.The biogenic feedstock will be utilized in a gasification process to produce a clean and hydrogen rich synthesis gas, which will be combusted in gas engines to produce 20-25 MW electricity for the

Aker Carbon Capture ASA: Fourth quarter 2023 results

In the fourth quarter 2023, Aker Carbon Capture recorded high commercial activity across Europe and the United States. The company’s order backlog increased to NOK 2.6 billion, up from NOK 1.3 billion in the same period last year. Revenues rose to NOK 573 million, up 139% compared to the same period last year. The cash position at the end of the fourth quarter was solid at NOK 1.1 billion.“Aker Carbon Capture is experiencing an acceleration in market activity and strong interest in our growing range of modular carbon capture facilities. In 2023, we cemented our leading market position

Aker Carbon Capture and MAN Energy Solutions join forces to accelerate CCUS in North America

Aker Carbon Capture and MAN Energy Solutions have signed a Memorandum of Understanding to jointly pursue opportunities related to carbon capture, utilization and storage (CCUS) and CO2 compression in the North American market. The agreement leverages MAN’s expertise in compressor technology and system integration, as well as Aker Carbon Capture’s proven amine technology and carbon capture products. The adoption of standardized and modularized solutions will contribute to drive scale through cost-efficient developments with optimized energy consumption and delivery time.The two companies are

Aker Carbon Capture awarded feasibility study by waste-to energy player in Switzerland

Aker Carbon Capture has been awarded a feasibility study by Limeco, a Swiss company that is planning to construct a new waste-to-energy plant in Dietikon, in the canton of Zurich. Carbon Capture and Storage is expected to be mandatory for future waste-to-energy plants in Switzerland."We are excited to collaborate with Limeco in their decarbonization efforts. Decarbonizing the waste-to-energy industry is crucial to achieving Switzerland’s 2050 net zero target", said Jon Christopher Knudsen, Chief Commercial Officer at Aker Carbon Capture. "With our modular Just Catch offering we have a

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