MoU with Vattenfall

Aker Carbon Capture has signed a Memorandum of Understanding with Sweden’s Vattenfall to accelerate the evaluation of future carbon capture plants in Sweden and Northern Europe.

The agreement will support Vattenfall´s ambitions to achieve negative emissions in waste and bio CCS plants and make it possible to live fossil free within one generation, the company says.
 
“We look forward to cooperating with Aker Carbon Capture and together develop solutions for large-scale commercial bio-CCS plants in Sweden and Northern Europe. With Vattenfall´s extensive track record within sustainability for the energy sector and Aker Carbon Capture´s technology and experience in CO₂ solutions, we believe we have an excellent opportunity to make the next steps on our climate agenda”, says Ulrika Jardfelt, head of Vattenfall’s Business Unit Heat Sweden. 

Vattenfall has previously tested CCS technologies in Europe between 2008 and 2014. However, CCS has taken many steps forward over the last year, leading to several projects moving forward both on the capture and on the storage side.
 
The Norwegian full-scale demonstration project, “Longship CCS” (Langskip) with its “Northern Lights” offshore storage facility, is one example. In addition, Denmark is planning a “Greensand” storage project, utilizing existing oil platform infrastructure.
 
“As we prepare to deliver the capture plant for Longship, the Norwegian Full Scale demonstration project, we see a sharp increase in companies across sectors that want to explore and realize carbon capture plants in the future”, says Lundegaard.
 
The Memorandum of Understanding (MoU) is non-exclusive and covers services related to advancing Vattenfall´s ambitions related to CCS and has a two-year timeline.

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.