Aker Carbon Capture and MAN Energy Solutions begin cooperation on new CCS system technologies

Aker Carbon Capture and MAN Energy Solutions have signed a technology-cooperation agreement to develop energy-efficient compression solutions for carbon capture and storage (CCS) applications with heat recovery. The agreement supports the companies’ joint target to reduce the cost of removing CO₂ emissions from industrial plants around the world.

The cooperation builds on MAN’s experience in compressor technology, the integration of system components and their design and delivery, as well as Aker Carbon Capture’s proprietary amine technology and efficient carbon-capture process design.

“We are very pleased to formalize our good relationship with MAN Energy Solutions in the form of a technology-cooperation agreement. Through this partnership, we intend to further improve the process efficiency and thereby lower the cost of carbon capture to the benefit of our customers and the environment,” said Valborg Lundegaard, CEO of Aker Carbon Capture.

“Carbon capture and storage will play a major role in a decarbonized future. This technology contributes both to reducing emissions in key sectors directly, and to removing CO₂ to balance unavoidable emissions, which is critical with regard to the targets of the Paris Agreement,” stated Dr Uwe Lauber, CEO of MAN Energy Solutions. “As experienced forerunners in the CCS field, we will build on our well-founded knowhow and work together on new, energy-efficient, environmentally-friendly CCS-technology solutions.”

With CCS, captured CO₂ is compressed before being liquefied and transported to a permanent-storage location. The two companies aim to develop carbon capture solutions that require less energy. The transfer of heat is key for CO₂-capture plants’ improved, overall power-consumption with MAN Energy Solutions able to recover heat from its compression systems. Hence, the steam generated will cover nearly 50% of the power demand for Aker Carbon Capture’s capture plant.

The technology-cooperation agreement will run for seven years and forms the basis for project deliveries to carbon-capture plants. Solutions will be applicable for large facilities, such as the Heidelberg Cement Norcem cement plant in Brevik, Norway where Aker Carbon Capture will deliver a carbon-capture plant using the company’s patented and HSE-friendly CCS technology. Subject to parliamentary approval of the funding, this will represent the first time that CCS will have been deployed at scale at a cement factory anywhere in the world.

ENDS

Media Relations:
Ivar Simensen, mob: +47 464 02 317, email: ivar.simensen@akerhorizons.com

Aker Carbon Capture is a dedicated carbon capture technology company with solutions, services and technologies covering the entire CCUS value chain from capture, transport, utilization through to storage of CO₂ and enhanced oil recovery. We serve a range of industries with carbon emissions, including cement, waste-to-energy, oil & gas and steel.

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This press release may include forward-looking information or statements and is subject to our disclaimer, see akercarboncapture.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.